Torex Gold Resources (OTCMKTS:TORXF) Given a $22.00 Price Target by Royal Bank of Canada Analysts
Royal Bank of Canada set a $22.00 target price on Torex Gold Resources (OTCMKTS:TORXF) in a research note published on Friday morning, TipRanks reports. The brokerage currently has a hold rating on the stock.
Separately, CIBC initiated coverage on shares of Torex Gold Resources in a report on Wednesday, September 25th. They set a neutral rating on the stock.
OTCMKTS:TORXF traded down $0.09 during mid-day trading on Friday, reaching $12.65. 45,700 shares of the company were exchanged, compared to its average volume of 20,374. Torex Gold Resources has a 12 month low of $7.46 and a 12 month high of $16.54. The company has a fifty day moving average of $13.61 and a 200 day moving average of $11.73.
Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna deposit that consists of 7 mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.
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