Torex Gold Resources (OTCMKTS:TORXF) Stock Price Down 6.5% – Should You Sell?

by · The Markets Daily

Shares of Torex Gold Resources Inc. (OTCMKTS:TORXF – Get Free Report) traded down 6.5% during trading on Monday . The stock traded as low as $47.6660 and last traded at $48.00. 35,354 shares were traded during trading, a decline of 14% from the average session volume of 41,014 shares. The stock had previously closed at $51.32.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Scotiabank restated an “outperform” rating on shares of Torex Gold Resources in a report on Thursday, October 23rd. Raymond James Financial reissued an “outperform” rating on shares of Torex Gold Resources in a research report on Friday, October 10th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Torex Gold Resources in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Torex Gold Resources presently has an average rating of “Buy”.

Get Our Latest Analysis on TORXF

Torex Gold Resources Stock Down 2.2%

The stock has a fifty day moving average price of $45.16 and a two-hundred day moving average price of $38.76.

About Torex Gold Resources

(Get Free Report)

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.

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