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

Torex Gold Resources Inc. (OTCMKTS:TORXF)’s share 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 changed hands during trading, a decline of 51% from the average session volume of 51,445 shares. The stock had previously closed at $50.56.

Analysts Set New Price Targets

Several research analysts have recently commented on TORXF shares. Scotiabank reiterated an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, July 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Torex Gold Resources in a research note on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Torex Gold Resources Price Performance

The firm’s fifty day moving average is $44.10 and its 200-day moving average is $45.18.

Torex Gold Resources Company Profile

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.