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An update from Torex Gold Resources ( (TSE:TXG) ) is now available.
Torex Gold Resources Inc. has completed the acquisition of Reyna Silver, adding four promising exploration properties in Mexico and Nevada to its portfolio. This strategic move is expected to enhance Torex’s exploration capabilities and long-term value creation, with significant investments planned for exploration programs in 2025 and 2026 to unlock the potential of these assets.
The most recent analyst rating on (TSE:TXG) stock is a Hold with a C$46.00 price target. To see the full list of analyst forecasts on Torex Gold Resources stock, see the TSE:TXG Stock Forecast page.
Spark’s Take on TSE:TXG Stock
According to Spark, TipRanks’ AI Analyst, TSE:TXG is a Neutral.
Torex Gold Resources’ overall score reflects strong financial performance and strategic achievements, tempered by liquidity challenges and bearish technical indicators. The company’s reasonable valuation and potential for operational recovery offer a balanced outlook.
To see Spark’s full report on TSE:TXG stock, click here.
More about Torex Gold Resources
Torex Gold Resources Inc. is a Canadian mining company involved in the exploration, development, and production of gold, copper, and silver, primarily from its flagship Morelos Complex in Guerrero, Mexico. The company focuses on optimizing production, growing reserves, and responsible mining, with recent acquisitions in Mexico and the USA to diversify and enhance shareholder value.
Average Trading Volume: 312,692
Technical Sentiment Signal: Buy
Current Market Cap: C$3.64B
Learn more about TXG stock on TipRanks’ Stock Analysis page.