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.

About Torex Gold Resources

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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