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

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

TORXF has been the subject of a number of research analyst reports. Raymond James Financial restated an “outperform” rating on shares of Torex Gold Resources in a report on Friday, October 10th. BMO Capital Markets reissued an “outperform” rating on shares of Torex Gold Resources in a research report on Wednesday, October 8th. Finally, Scotiabank restated an “outperform” rating on shares of Torex Gold Resources in a research note on Thursday, October 23rd.

Torex Gold Resources Stock Down 2.2%

Shares of Torex Gold Resources stock opened at $47.89 on Friday. Torex Gold Resources has a 1 year low of $18.70 and a 1 year high of $52.50. The stock has a fifty day moving average price of $45.25 and a 200-day moving average price of $38.82.

Torex Gold Resources Company Profile

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.