Torex Gold Resources Inc. (OTCMKTS:TORXF) Given Consensus Rating of “Buy” by Brokerages

Shares of Torex Gold Resources Inc. (OTCMKTS:TORXF) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating.

Several equities research analysts have recently weighed in on TORXF shares. Raymond James Financial reiterated an “outperform” rating on shares of Torex Gold Resources in a report on Friday, October 10th. Scotiabank reiterated an “outperform” rating on shares of Torex Gold Resources in a research note on Monday, January 26th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Torex Gold Resources in a research note on Wednesday, October 8th.

Torex Gold Resources Price Performance

Torex Gold Resources stock opened at $46.67 on Tuesday. Torex Gold Resources has a 1-year low of $20.75 and a 1-year high of $62.56. The company’s 50-day moving average is $49.47 and its 200 day moving average is $42.07.

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.