Torex Gold Resources Stock Price on August 9, 2024

TXG Stock  CAD 31.11  1.85  6.32%   
Below is the normalized historical share price chart for Torex Gold Resources extending back to March 01, 1996. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Torex Gold stands at 31.11, as last reported on the 4th of December, with the highest price reaching 31.18 and the lowest price hitting 29.76 during the day.
200 Day MA
22.799
50 Day MA
28.702
Beta
1.37
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Torex Stock, it is important to understand the factors that can impact its price. Torex Gold appears to be very steady, given 3 months investment horizon. Torex Gold Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Torex Gold Resources, which you can use to evaluate the volatility of the company. Please review Torex Gold's Semi Deviation of 2.58, risk adjusted performance of 0.0897, and Coefficient Of Variation of 926.71 to confirm if our risk estimates are consistent with your expectations.
  
At this time, Torex Gold's Total Stockholder Equity is very stable compared to the past year. As of the 4th of December 2024, Liabilities And Stockholders Equity is likely to grow to about 1.9 B, while Common Stock Shares Outstanding is likely to drop about 49.1 M. . At this time, Torex Gold's Price Earnings Ratio is very stable compared to the past year. As of the 4th of December 2024, Price Book Value Ratio is likely to grow to 0.67, while Price To Sales Ratio is likely to drop 1.03. Torex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1378

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Estimated Market Risk

 2.82
  actual daily
25
75% of assets are more volatile

Expected Return

 0.39
  actual daily
7
93% of assets have higher returns

Risk-Adjusted Return

 0.14
  actual daily
10
90% of assets perform better
Based on monthly moving average Torex Gold is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Torex Gold by adding it to a well-diversified portfolio.
Price Book
1.1432
Enterprise Value Ebitda
3.2296
Price Sales
2.4255
Shares Float
85.7 M
Wall Street Target Price
36.4046

Torex Gold Valuation on August 9, 2024

It is possible to determine the worth of Torex Gold on a given historical date. On August 9, 2024 Torex was worth 20.76 at the beginning of the trading date compared to the closed value of 21.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Torex Gold stock. Still, in general, we apply an absolute valuation method to find Torex Gold's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Torex Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Torex Gold's related companies.
 Open High Low Close Volume
  20.50    21.00    20.02    20.69    289,968  
08/09/2024
  20.76    21.61    20.68    21.60    257,520  
  21.86    23.25    21.86    22.87    283,318  
Backtest Torex Gold  |  Torex Gold History  |  Torex Gold Valuation   PreviousNext  
Open Value
20.76
21.6
Closing Value
29.22
Upside

Torex Gold Trading Date Momentum on August 9, 2024

On August 12 2024 Torex Gold Resources was traded for  22.87  at the closing time. The maximum traded price for the trading interval was 23.25  and the lowest daily price was  21.86 . The daily volume was recorded at 283.3 K. The volume of trading on 12th of August 2024 played a part in the next trading day price boost. The trading price change to the next closing price was 5.88% . The trading price change to the closing price today is 9.81% .

Torex Gold Resources Fundamentals Correlations and Trends

By evaluating Torex Gold's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Torex Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Torex financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Torex Gold Stock history

Torex Gold investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Torex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Torex Gold Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Torex Gold stock prices may prove useful in developing a viable investing in Torex Gold
Last ReportedProjected for Next Year
Common Stock Shares Outstanding86.4 M49.1 M
Net Income Applicable To Common Shares217.1 M228 M

Torex Gold Quarterly Net Working Capital

1.3 Million

Torex Gold Stock Technical Analysis

Torex Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Torex Gold technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Torex Gold trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Torex Gold Period Price Range

Low
December 4, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Torex Gold Resources cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Torex Gold December 4, 2024 Market Strength

Market strength indicators help investors to evaluate how Torex Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Torex Gold shares will generate the highest return on investment. By undertsting and applying Torex Gold stock market strength indicators, traders can identify Torex Gold Resources entry and exit signals to maximize returns

Torex Gold Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Torex Gold's price direction in advance. Along with the technical and fundamental analysis of Torex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Torex to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Other Information on Investing in Torex Stock

Torex Gold financial ratios help investors to determine whether Torex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Torex with respect to the benefits of owning Torex Gold security.