Torex Gold Resources (OTCMKTS:TORXF) Trading Down 1.2% – Here’s What Happened

Torex Gold Resources Inc. (OTCMKTS:TORXF)’s stock price fell 1.2% during trading on Thursday . The stock traded as low as $49.02 and last traded at $49.93. 25,352 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 51,445 shares. The stock had previously closed at $50.56.

Analysts Set New Price Targets

TORXF has been the topic of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Torex Gold Resources in a research report on Wednesday, July 8th. Scotiabank restated an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Torex Gold Resources Stock Performance

The business’s 50 day simple moving average is $43.92 and its 200 day simple moving average is $45.14.

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.