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

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

A number of brokerages have commented on TORXF. Scotiabank reaffirmed an “outperform” rating on shares of Torex Gold Resources in a report on Thursday, October 23rd. BMO Capital Markets restated an “outperform” rating on shares of Torex Gold Resources in a research note on Wednesday, October 8th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Torex Gold Resources in a research report on Friday, October 10th.

Torex Gold Resources Stock Up 3.3%

OTCMKTS TORXF opened at $49.82 on Friday. The company has a 50-day moving average price of $45.70 and a 200-day moving average price of $39.21. Torex Gold Resources has a 52 week low of $18.70 and a 52 week high of $52.50.

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.