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

Shares of Torex Gold Resources Inc. (OTCMKTS:TORXF) have been given an average recommendation of “Buy” by the seven brokerages that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation.

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

Torex Gold Resources Price Performance

Shares of Torex Gold Resources stock opened at $41.76 on Wednesday. Torex Gold Resources has a twelve month low of $24.70 and a twelve month high of $62.56. The company’s fifty day moving average is $50.67 and its 200 day moving average is $46.62.

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.