Torex Gold Resources Inc. (OTCMKTS:TORXF) Given Average Recommendation of “Buy” by Brokerages
by Teresa Graham · The Cerbat GemShares of Torex Gold Resources Inc. (OTCMKTS:TORXF – Get Free Report) have been assigned an average rating of “Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating.
TORXF has been the topic of a number of analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Torex Gold Resources in a report on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, February 4th.
Read Our Latest Analysis on TORXF
Torex Gold Resources Price Performance
Shares of OTCMKTS:TORXF opened at $48.52 on Friday. Torex Gold Resources has a 1-year low of $27.08 and a 1-year high of $62.56. The company’s fifty day moving average is $48.39 and its two-hundred day moving average is $47.37.
About Torex Gold Resources
Torex Gold Resources Inc is a Canada-based intermediate gold producer, developer and explorer that trades on the OTC Markets under the symbol TORXF. The company’s core business centers on the exploration, development and mining of gold deposits, with a focus on delivering sustainable production and growth through its flagship assets in Mexico.
The company’s principal operation is the Morelos Gold Project, located in the Guerrero Gold Belt of central Mexico. This integrated mining, processing and ancillary infrastructure complex includes the El Limón Guajes open pit mining area and supporting underground development.