Torex Gold Resources (OTCMKTS:TORXF) Shares Down 1.3% – Here’s What Happened

Torex Gold Resources Inc. (OTCMKTS:TORXF) shares traded down 1.3% on Thursday. The company traded as low as $47.80 and last traded at $48.00. Approximately 42,114 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 49,509 shares. The stock had previously closed at $48.61.

Analyst Upgrades and Downgrades

A number of research firms have commented on TORXF. BMO Capital Markets reaffirmed an “outperform” rating on shares of Torex Gold Resources in a research note on Wednesday, July 8th. Scotiabank restated an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Torex Gold Resources Trading Up 2.0%

The business has a fifty day moving average price of $47.19 and a two-hundred day moving average price of $44.57.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is a Canada-based gold mining company focused on the exploration, development and production of gold. The company’s principal asset is the Morelos Gold Property in the state of Guerrero, Mexico, which includes the El Limón Guajes mining complex, a centralized processing facility and the Media Luna project.

The Morelos operations comprise underground and open-pit mining activities, along with processing infrastructure used to produce gold doré. Media Luna is designed to complement the company’s existing operations and expand access to mineral resources across the Morelos property.