Torex Gold Resources (OTCMKTS:TORXF) Trading Down 2.5% – Here’s Why

Torex Gold Resources Inc. (OTCMKTS:TORXF) fell 2.5% during mid-day trading on Thursday . The company traded as low as $44.19 and last traded at $44.19. 63,429 shares changed hands during trading, an increase of 54% from the average session volume of 41,319 shares. The stock had previously closed at $45.32.

Analysts Set New Price Targets

A number of research analysts have weighed in on TORXF shares. Raymond James Financial reiterated an “outperform” rating on shares of Torex Gold Resources in a research note on Friday, October 10th. Scotiabank reiterated an “outperform” rating on shares of Torex Gold Resources in a research note on Thursday, October 23rd. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Torex Gold Resources Price Performance

The firm’s 50 day moving average price is $43.82 and its two-hundred day moving average price is $36.78.

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.