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

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

Several equities research analysts have weighed in on TORXF shares. Scotiabank reissued an “outperform” rating on shares of Torex Gold Resources in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Torex Gold Resources in a research note on Wednesday, February 4th.

Torex Gold Resources Stock Performance

Shares of OTCMKTS TORXF opened at $39.80 on Wednesday. Torex Gold Resources has a 12-month low of $24.70 and a 12-month high of $62.56. The firm’s 50-day moving average price is $51.05 and its 200-day moving average price is $46.40.

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.