Torex Gold Resources Inc. (OTCMKTS:TORXF) Receives Consensus Recommendation of “Buy” from Analysts

Torex Gold Resources Inc. (OTCMKTS:TORXF) has been assigned an average recommendation of “Buy” from the seven research firms that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating.

Several research analysts have recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating on shares of Torex Gold Resources in a research note on Friday, October 10th. BMO Capital Markets reissued an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, October 8th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Torex Gold Resources in a research note on Thursday, October 23rd.

Torex Gold Resources Stock Down 1.0%

Shares of TORXF opened at $43.76 on Monday. Torex Gold Resources has a 12-month low of $18.49 and a 12-month high of $49.39. The business has a 50-day simple moving average of $43.87 and a two-hundred day simple moving average of $36.95.

Torex Gold Resources Company Profile

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.