Torex Gold Resources Inc. (OTCMKTS:TORXF) Given Consensus Rating of “Buy” by Analysts

Shares of Torex Gold Resources Inc. (OTCMKTS:TORXF) have been given an average rating of “Buy” by the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating.

TORXF has been the topic of a number of recent research reports. Scotiabank reiterated an “outperform” rating on shares of Torex Gold Resources in a research report on Monday. Raymond James Financial restated an “outperform” rating on shares of Torex Gold Resources in a research report on Friday, October 10th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, October 8th.

Torex Gold Resources Price Performance

TORXF opened at $55.96 on Tuesday. The company’s 50 day simple moving average is $49.31 and its 200-day simple moving average is $41.69. Torex Gold Resources has a one year low of $20.75 and a one year high of $62.56.

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.