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Torex Gold Resources - TXG Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: C$23.68
  • Forecasted Upside: 19.35%
  • Number of Analysts: 6
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
C$19.84 As of 04/18/2024 02:44 PM ET
▲ +0.08 (0.40%)

This chart shows the closing price for TXG by one month, three months, or twelve months.

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Analyst Price Target for TXG

Analyst Price Target is C$23.68
▲ +19.35% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Torex Gold Resources in the last 3 months. The average price target is C$23.68, with a high forecast of C$30.00 and a low forecast of C$18.25. The average price target represents a 19.35% upside from the last price of C$19.84.

This chart shows the closing price for TXG for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 6 polled investment analysts is to moderate buy stock in Torex Gold Resources. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
10/26/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/24/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
4/24/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
7/23/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
10/21/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/19/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
3/19/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
4/18/2024

Latest Recommendations

  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
4/15/2024CIBCBoost TargetC$21.00 ➝ C$23.00
12/13/2023BMO Capital MarketsBoost TargetC$21.50 ➝ C$23.00
12/1/2023BMO Capital MarketsSet TargetOutperformC$21.50
11/29/2023Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$20.00 ➝ C$22.00
11/22/2023National BanksharesLower TargetSector PerformC$19.00 ➝ C$18.25
11/16/2023TD SecuritiesLower TargetBuyC$32.00 ➝ C$30.00
10/23/2023National BanksharesLower TargetSector PerformC$25.00 ➝ C$19.00
10/12/2023CIBCLower TargetC$21.50 ➝ C$21.00
10/3/2023ScotiabankLower TargetSector PerformC$23.00 ➝ C$22.50
7/21/2023National BanksharesLower TargetSector PerformC$25.50 ➝ C$25.00
7/14/2023CIBCBoost TargetC$20.00 ➝ C$21.50
6/19/2023Canaccord Genuity GroupSet TargetBuyC$27.00
5/16/2023National BanksharesLower TargetSector PerformC$26.00 ➝ C$25.50
4/18/2023National BanksharesBoost TargetC$22.00 ➝ C$26.00
3/30/2023CormarkBoost TargetC$20.00 ➝ C$25.00
2/24/2023Canaccord Genuity GroupLower TargetC$25.00 ➝ C$24.00
2/14/2023National BanksharesBoost TargetSector PerformC$21.50 ➝ C$22.00
2/7/2023CIBCBoost TargetC$18.50 ➝ C$20.00
1/19/2023BMO Capital MarketsBoost TargetC$23.00 ➝ C$24.00
1/13/2023BMO Capital MarketsBoost TargetC$22.00 ➝ C$23.00
1/13/2023CIBCBoost TargetNeutralC$16.50 ➝ C$18.50
1/13/2023Stifel NicolausBoost TargetC$21.50 ➝ C$22.00
1/13/2023National BanksharesBoost TargetSector PerformC$15.50 ➝ C$21.50
11/14/2022National BanksharesBoost TargetSector PerformC$15.00 ➝ C$15.50
11/10/2022CIBCLower TargetNeutralC$20.00 ➝ C$16.50
11/10/2022ScotiabankBoost TargetC$18.00 ➝ C$19.00
10/13/2022National BanksharesLower TargetC$15.50 ➝ C$15.00
9/27/2022ScotiabankLower TargetC$24.00 ➝ C$23.00
8/5/2022National BanksharesBoost TargetSector PerformC$15.00 ➝ C$15.50
8/5/2022ScotiabankBoost TargetC$23.00 ➝ C$24.00
7/21/2022National BanksharesLower TargetSector PerformC$22.00 ➝ C$15.00
7/21/2022TD SecuritiesLower TargetC$31.00 ➝ C$27.00
5/12/2022ScotiabankBoost TargetC$22.00 ➝ C$23.00
4/22/2022Canaccord Genuity GroupBoost TargetC$23.00 ➝ C$24.00
4/20/2022National BanksharesLower TargetC$23.25 ➝ C$22.00
4/13/2022CIBCLower TargetNeutralC$21.00 ➝ C$20.00
4/7/2022BMO Capital MarketsLower TargetC$28.00 ➝ C$23.00
4/6/2022ScotiabankLower TargetC$24.00 ➝ C$22.00
4/5/2022Royal Bank of CanadaLower TargetSector PerformC$20.00 ➝ C$18.00
4/5/2022TD SecuritiesLower TargetBuyC$33.00 ➝ C$31.00
4/5/2022National BanksharesLower TargetSector PerformC$24.00 ➝ C$23.25
4/4/2022CormarkLower TargetMarket PerformC$21.00 ➝ C$20.00
3/17/2022ScotiabankLower TargetC$25.00 ➝ C$24.00
3/2/2022ScotiabankBoost TargetC$24.00 ➝ C$25.00
2/28/2022National BanksharesBoost TargetSector PerformC$23.00 ➝ C$24.00
2/24/2022ScotiabankBoost TargetC$23.00 ➝ C$24.00
1/31/2022Canaccord Genuity GroupReiterated RatingBuyC$24.00
1/26/2022TD SecuritiesLower TargetC$32.00 ➝ C$31.00
1/20/2022ScotiabankLower TargetC$26.00 ➝ C$23.00
1/12/2022CIBCLower TargetNeutralC$22.00 ➝ C$21.00
1/11/2022ScotiabankBoost TargetC$25.00 ➝ C$26.00
10/11/2021CormarkLower TargetC$25.00 ➝ C$24.00
10/8/2021National BanksharesReiterated RatingHoldC$24.00
10/8/2021CIBCReiterated RatingHoldC$22.00
9/17/2021National BanksharesSet TargetSector PerformC$24.00
9/16/2021National Bank FinancialReiterated RatingSector Perform OverweightC$24.00
9/8/2021Royal Bank of CanadaReiterated RatingHold
9/7/2021Royal Bank of CanadaBoost TargetNAC$23.00 ➝ C$24.00
8/5/2021CIBCLower TargetNeutralC$23.50 ➝ C$22.00
7/9/2021BMO Capital MarketsLower TargetNAC$27.00 ➝ C$26.00
7/9/2021CIBCReiterated RatingNeutralC$23.00
6/23/2021CIBCLower TargetNeutralC$26.50 ➝ C$23.50
6/17/2021ScotiabankLower TargetC$24.00 ➝ C$22.00
6/17/2021BMO Capital MarketsLower TargetHoldC$29.00 ➝ C$28.00
6/17/2021CIBCReiterated RatingNeutralC$26.50
6/2/2021Royal Bank of CanadaReiterated RatingSector PerformC$23.00
5/14/2021BMO Capital MarketsLower TargetHoldC$30.00 ➝ C$29.00
4/29/2021CIBCReiterated RatingNeutralC$26.50
4/20/2021Eight CapitalLower TargetBuyC$34.50 ➝ C$33.75
4/9/2021BMO Capital MarketsBoost TargetHoldC$29.00 ➝ C$30.00
3/31/2021CIBCReiterated RatingNeutralC$26.50
2/26/2021BMO Capital MarketsLower TargetNAC$32.00
2/8/2021CIBCLower TargetC$28.50 ➝ C$26.50
1/22/2021Eight CapitalLower TargetBuyC$34.50
1/15/2021BMO Capital MarketsLower TargetC$36.00 ➝ C$35.00
1/11/2021ScotiabankLower TargetC$34.00 ➝ C$30.00
1/8/2021BMO Capital MarketsBoost TargetC$35.00 ➝ C$36.00
11/4/2020TD SecuritiesBoost TargetBuyC$36.00 ➝ C$37.00
10/14/2020Eight CapitalBoost TargetC$31.00 ➝ C$36.00
10/13/2020ScotiabankBoost TargetC$33.00 ➝ C$34.00
10/9/2020BMO Capital MarketsBoost TargetC$36.00 ➝ C$37.00
9/3/2020ScotiabankLower TargetC$36.00 ➝ C$33.00
8/7/2020CIBCBoost TargetC$23.50 ➝ C$26.00
8/6/2020TD SecuritiesBoost TargetBuyC$30.00 ➝ C$32.00
7/20/2020Eight CapitalBoost TargetC$23.50 ➝ C$25.25
6/24/2020TD SecuritiesReiterated RatingBuyC$30.00
4/29/2020CIBCLower TargetC$25.00 ➝ C$23.50
4/24/2020BMO Capital MarketsReiterated RatingOutperformC$29.00
4/23/2020CIBCBoost TargetC$23.50 ➝ C$25.00
4/21/2020Eight CapitalUpgradeNeutral ➝ BuyC$22.00 ➝ C$23.50
4/7/2020CormarkDowngradeBuy ➝ Market PerformC$26.00 ➝ C$17.00
4/3/2020ScotiabankDowngradeOutperform ➝ Sector Perform
3/19/2020Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$23.00
2/28/2020Royal Bank of CanadaBoost TargetSector PerformC$22.00 ➝ C$23.00
2/25/2020CIBCBoost TargetC$21.50 ➝ C$23.50
1/15/2020CormarkLower TargetC$26.00 ➝ C$25.00
1/13/2020ScotiabankBoost TargetC$24.00 ➝ C$26.00
10/18/2019Royal Bank of CanadaLower TargetC$24.00 ➝ C$22.00
9/25/2019CIBCReiterated RatingNeutralC$20.50
9/5/2019Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$19.00 ➝ C$24.00
6/26/2019Royal Bank of CanadaBoost TargetC$17.00 ➝ C$18.00
5/9/2019Eight CapitalLower TargetC$19.75 ➝ C$18.50
(Data available from 4/18/2019 forward)

News Sentiment Rating

0.43 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/21/2023
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/21/2023
  • 1 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/20/2023
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/20/2023
  • 3 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
1/19/2024
  • 7 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/18/2024
  • 3 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/19/2024
  • 2 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/18/2024

Current Sentiment

  • 2 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Torex Gold Resources logo
Torex Gold Resources Inc. operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City. It also mines for silver, copper, and carbon deposits. The company was formerly known as Gleichen Resources Ltd. and changed its name to Torex Gold Resources Inc. in April 2010. Torex Gold Resources Inc. was incorporated in 1980 and is headquartered in Toronto, Canada.
Read More

Today's Range

Now: C$19.84
Low: C$19.56
High: C$20.04

50 Day Range

MA: C$17.07
Low: C$12.96
High: C$20.16

52 Week Range

Now: C$19.84
Low: C$12.40
High: C$25.40

Volume

56,682 shs

Average Volume

261,326 shs

Market Capitalization

C$1.71 billion

P/E Ratio

6.24

Dividend Yield

5.67%

Beta

1.18

Frequently Asked Questions

What sell-side analysts currently cover shares of Torex Gold Resources?

The following Wall Street sell-side analysts have issued stock ratings on Torex Gold Resources in the last year: BMO Capital Markets, Canaccord Genuity Group Inc., CIBC, National Bankshares, Inc., Royal Bank of Canada, Scotiabank, and TD Securities.
View the latest analyst ratings for TXG.

What is the current price target for Torex Gold Resources?

7 Wall Street analysts have set twelve-month price targets for Torex Gold Resources in the last year. Their average twelve-month price target is C$23.68, suggesting a possible upside of 19.3%. TD Securities has the highest price target set, predicting TXG will reach C$30.00 in the next twelve months. National Bankshares, Inc. has the lowest price target set, forecasting a price of C$18.25 for Torex Gold Resources in the next year.
View the latest price targets for TXG.

What is the current consensus analyst rating for Torex Gold Resources?

Torex Gold Resources currently has 2 hold ratings and 4 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for TXG.

What other companies compete with Torex Gold Resources?

Other companies that are similar to Torex Gold Resources include New Gold, Orla Mining, Wesdome Gold Mines, Centerra Gold and K92 Mining. Learn More about companies similar to Torex Gold Resources.

How do I contact Torex Gold Resources' investor relations team?

Torex Gold Resources' physical mailing address is 145 King St W Suite 1502, TORONTO, ON M5H 1J8, Canada. The company's listed phone number is +1-647-2601505. The official website for Torex Gold Resources is www.torexgold.com. Learn More about contacing Torex Gold Resources investor relations.