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

Shares of Torex Gold Resources Inc. (OTCMKTS:TORXF) have been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation.

A number of equities analysts have recently commented on TORXF shares. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Torex Gold Resources in a research report on Wednesday, February 4th. Scotiabank reissued an “outperform” rating on shares of Torex Gold Resources in a report on Monday, January 26th.

Torex Gold Resources Stock Up 4.4%

TORXF stock opened at $60.53 on Friday. The stock has a 50-day simple moving average of $50.56 and a two-hundred day simple moving average of $44.33. Torex Gold Resources has a twelve month low of $21.23 and a twelve month high of $62.56.

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.