RBC Capital analyst Michael Siperco maintained a Buy rating on Torex Gold Resources on October 7. The company’s shares closed yesterday at $43.31.
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Siperco covers the Basic Materials sector, focusing on stocks such as Lundin Gold, Orla Mining, and IAMGOLD. According to TipRanks, Siperco has an average return of 48.3% and a 73.35% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Torex Gold Resources with a $49.88 average price target, a 15.16% upside from current levels. In a report released on October 7, Canaccord Genuity also maintained a Buy rating on the stock with a C$77.00 price target.
TORXF market cap is currently $3.71B and has a P/E ratio of 18.35.
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