Torex Gold Resources (OTCMKTS:TORXF) Shares Down 1.2% – What’s Next?

Torex Gold Resources Inc. (OTCMKTS:TORXF)’s stock price traded down 1.2% during trading on Thursday . The company traded as low as $49.02 and last traded at $49.93. 25,352 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 51,445 shares. The stock had previously closed at $50.56.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TORXF. BMO Capital Markets reiterated an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, July 8th. Scotiabank reissued an “outperform” rating on shares of Torex Gold Resources in a research report on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Torex Gold Resources currently has an average rating of “Buy”.

Torex Gold Resources Stock Down 1.2%

The firm’s fifty day moving average price is $43.92 and its 200 day moving average price is $45.14.

About Torex Gold Resources

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.