Analyst Ratings Coverage
On Monday June 19th, Canaccord Genuity (Rank#19) issued a research report on Torex Gold Resources and raised the 12 month target forecast to $27 form $24. The analyst also maintained the “Buy” rating on the stock.
STA Research (Rank#54) also maintained the “Buy” rating, and kept the 12 month target forecast on Torex Gold at $25 per share.
TXG Stock Forecast & Analysis
According to the consensus of 12 analysts, the average target price for Torex Gold Resources Inc over the next 12 months is CAD 22.98. This indicates that, on average, the analysts expect the stock to reach CAD 22.98 within the specified timeframe.
Torex Gold Resources Inc has received an average analyst rating of “Buy” based on the assessments of the analysts. This rating signifies that, on average, the analysts recommend buying the stock, implying a positive outlook for the company’s future performance.
Stock Target Advisor, an independent stock analysis provider, has given a bullish outlook for Torex Gold Resources Inc. Their analysis incorporates 10 positive signals and 2 negative signals, suggesting an overall positive sentiment towards the stock.
At the last closing, Torex Gold Resources Inc’s stock price stood at CAD 18.95. Over the past week, the stock price has experienced a decline of -7.47%, while over the past month, it has decreased by -4.10%. However, when considering the longer-term performance, the stock has demonstrated significant growth, with a positive return of +59.24% over the last year. It is worth noting that stock prices can be subject to short-term fluctuations influenced by market dynamics, investor sentiment, and other factors.
Based on the analysis of 12 analysts, the average target price for Torex Gold Resources Inc is CAD 22.98, and the average analyst rating is “Buy.” Stock Target Advisor has provided a bullish outlook for the stock based on positive signals. While the stock has experienced short-term declines, it has shown significant growth over the past year. Investors should conduct thorough research and consider multiple factors before making investment decisions.
