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

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

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

Torex Gold Resources Price Performance

Torex Gold Resources stock opened at $48.44 on Friday. The stock’s fifty day moving average is $48.36 and its two-hundred day moving average is $47.20. Torex Gold Resources has a fifty-two week low of $27.08 and a fifty-two week 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.