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

Torex Gold Resources Inc. (OTCMKTS:TORXF) has earned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a buy rating.

Several research firms have commented on TORXF. Scotiabank reiterated an “outperform” rating on shares of Torex Gold Resources in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, February 4th.

Torex Gold Resources Price Performance

OTCMKTS TORXF opened at $47.02 on Wednesday. Torex Gold Resources has a twelve month low of $24.70 and a twelve month high of $62.56. The business’s fifty day moving average is $51.53 and its 200 day moving average is $46.41.

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.