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

Shares of Torex Gold Resources Inc. (OTCMKTS:TORXF) have been assigned an average rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating.

Several analysts have recently weighed in on TORXF shares. BMO Capital Markets restated an “outperform” rating on shares of Torex Gold Resources in a research report on Wednesday, October 8th. Scotiabank reissued an “outperform” rating on shares of Torex Gold Resources in a research note on Thursday, October 23rd. Finally, Raymond James Financial restated an “outperform” rating on shares of Torex Gold Resources in a research report on Friday, October 10th.

Torex Gold Resources Stock Up 3.8%

Shares of TORXF opened at $47.21 on Thursday. Torex Gold Resources has a 1-year low of $18.16 and a 1-year high of $49.39. The firm’s 50 day simple moving average is $41.81 and its 200 day simple moving average is $35.27.

About Torex Gold Resources

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.