Torex Gold Resources Inc. (OTCMKTS:TORXF – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $46.67 and traded as low as $44.50. Torex Gold Resources shares last traded at $45.20, with a volume of 22,890 shares traded.
Wall Street Analyst Weigh In
TORXF has been the topic of several analyst reports. Scotiabank reissued an “outperform” rating on shares of Torex Gold Resources in a research report on Wednesday, July 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Torex Gold Resources in a research report on Wednesday, July 8th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Torex Gold Resources in a research note on Friday, October 16th. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.
Check Out Our Latest Research Report on Torex Gold Resources
Torex Gold Resources Trading Down 6.0%
The firm has a fifty day simple moving average of $49.82 and a 200 day simple moving average of $46.67.
Torex Gold Resources Company Profile
Torex Gold Resources Inc is a Canada-based mining company focused on the exploration, development and operation of gold properties. Its principal asset is the wholly owned Morelos Gold Property in the state of Guerrero, Mexico, which includes the El Limón Guajes mining complex, a processing facility and the Media Luna project.
The company produces gold from a combination of open-pit and underground operations at the Morelos property. Its activities also include mineral exploration, mine development, processing and related infrastructure and environmental programs.
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