Torex Gold Resources (OTCMKTS:TORXF) Stock Price Down 1.5% – Should You Sell?

Shares of Torex Gold Resources Inc. (OTCMKTS:TORXF) fell 1.5% during trading on Monday . The stock traded as low as $37.14 and last traded at $37.53. Approximately 17,884 shares were traded during trading, a decline of 66% from the average session volume of 52,733 shares. The stock had previously closed at $38.0850.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Scotiabank reiterated an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, July 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Torex Gold Resources presently has an average rating of “Buy”.

Torex Gold Resources Stock Down 1.7%

The firm’s 50-day moving average is $42.61 and its two-hundred day moving average is $46.67.

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.