Torex Gold Resources (OTCMKTS:TORXF) Trading Down 2.5% – Here’s Why

by · The Markets Daily

Torex Gold Resources Inc. (OTCMKTS:TORXF – Get Free Report) fell 2.5% during mid-day trading on Thursday . The company traded as low as $44.19 and last traded at $44.19. 63,429 shares changed hands during trading, an increase of 54% from the average session volume of 41,319 shares. The stock had previously closed at $45.32.

Analysts Set New Price Targets

A number of research analysts have weighed in on TORXF shares. Raymond James Financial reiterated an “outperform” rating on shares of Torex Gold Resources in a research note on Friday, October 10th. Scotiabank reiterated an “outperform” rating on shares of Torex Gold Resources in a research note on Thursday, October 23rd. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Check Out Our Latest Analysis on TORXF

Torex Gold Resources Price Performance

The firm’s 50 day moving average price is $43.82 and its two-hundred day moving average price is $36.78.

About Torex Gold Resources

(Get Free Report)

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.

Further Reading