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

Torex Gold Resources Inc. (OTCMKTS:TORXF) has been given a consensus rating of “Buy” by the seven research firms that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a buy rating.

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

Torex Gold Resources Trading Up 0.2%

TORXF stock opened at $58.49 on Tuesday. The company’s 50 day simple moving average is $48.48 and its 200-day simple moving average is $41.27. Torex Gold Resources has a 12 month low of $19.40 and a 12 month high of $61.45.

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.