Torex Gold Resources (OTCMKTS:TORXF) Trading 0.3% Higher

Shares of Torex Gold Resources Inc. (OTCMKTS:TORXF) traded up 0.3% on Thursday . The stock traded as high as $11.71 and last traded at $11.69. 9,839 shares were traded during mid-day trading, a decline of 75% from the average session volume of 39,886 shares. The stock had previously closed at $11.66.

Several research analysts have recently weighed in on the company. CIBC restated a “hold” rating and issued a $22.00 price target on shares of Torex Gold Resources in a research note on Friday, October 8th. National Bankshares restated a “hold” rating and issued a $24.00 price target on shares of Torex Gold Resources in a research note on Friday, October 8th. Scotiabank decreased their price target on Torex Gold Resources from C$26.00 to C$25.00 and set an “outperform” rating for the company in a research note on Thursday, November 4th. Finally, BMO Capital Markets cut their price objective on Torex Gold Resources from C$26.00 to C$24.00 and set an “outperform” rating for the company in a report on Thursday, November 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $23.75.

The company has a fifty day simple moving average of $11.33 and a 200-day simple moving average of $11.78.

About Torex Gold Resources (OTCMKTS:TORXF)

Torex Gold Resources, Inc is a Canadian based resource company, which engages in the exploration and development of precious metal resources with a focus on gold. It holds interest in Morelos gold project. The company was founded on November 13, 1980 and is headquartered in Toronto, Canada.

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