Torex Gold Resources (OTCMKTS:TORXF) PT Raised to C$23.00 at Scotiabank

Torex Gold Resources (OTCMKTS:TORXFGet Rating) had its price target raised by investment analysts at Scotiabank from C$22.00 to C$23.00 in a research note issued to investors on Thursday, The Fly reports.

A number of other research analysts have also weighed in on the stock. National Bank Financial dropped their price objective on shares of Torex Gold Resources from C$23.25 to C$22.00 in a research note on Wednesday, April 20th. TD Securities dropped their price target on shares of Torex Gold Resources from C$33.00 to C$31.00 in a research report on Wednesday, April 6th. Stifel Nicolaus reduced their target price on shares of Torex Gold Resources from C$28.00 to C$25.00 in a research note on Tuesday, April 5th. Royal Bank of Canada reduced their price objective on shares of Torex Gold Resources from C$20.00 to C$18.00 in a research note on Tuesday, April 5th. Finally, CIBC reduced their price objective on shares of Torex Gold Resources from C$22.00 to C$21.00 in a research note on Wednesday, January 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $23.38.

Shares of OTCMKTS TORXF opened at $9.64 on Thursday. Torex Gold Resources has a 52-week low of $8.99 and a 52-week high of $15.52. The firm has a 50 day moving average price of $11.97 and a two-hundred day moving average price of $11.33.

Torex Gold Resources Company Profile (Get Rating)

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property that covers an area of 29,000 hectares located southwest of Mexico City. The company's principal assets include the El Limón Guajes mining complex comprising the El Limón Guajes open pits, the El Limón Guajes underground mine, and the processing plant and related infrastructure, and the Media Luna deposit, which is an advanced stage development project.

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