Torex Gold Resources Inc. (OTCMKTS:TORXF) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Torex Gold Resources Inc. (OTCMKTS:TORXF) have received an average recommendation of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating.

A number of research firms have commented on TORXF. Raymond James Financial restated an “outperform” rating on shares of Torex Gold Resources in a report on Friday, October 10th. Scotiabank reissued an “outperform” rating on shares of Torex Gold Resources in a research report on Thursday, October 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Torex Gold Resources in a research report on Wednesday, October 8th.

Torex Gold Resources Stock Down 2.2%

Shares of TORXF stock opened at $47.89 on Friday. Torex Gold Resources has a 52 week low of $18.70 and a 52 week high of $52.50. The firm has a 50 day moving average of $45.25 and a 200-day moving average of $38.82.

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.