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

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

TORXF has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, February 4th. Scotiabank reaffirmed an “outperform” rating on shares of Torex Gold Resources in a research note on Monday, January 26th.

Torex Gold Resources Stock Up 2.8%

TORXF stock opened at $48.73 on Friday. The stock has a 50-day simple moving average of $49.71 and a two-hundred day simple moving average of $43.45. Torex Gold Resources has a twelve month low of $21.23 and a twelve month high of $62.56.

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.