Torex Gold Resources (OTCMKTS:TORXF) Given a $22.00 Price Target by Royal Bank of Canada Analysts
Royal Bank of Canada set a $22.00 price target on Torex Gold Resources (OTCMKTS:TORXF) in a research note published on Friday, TipRanks reports. The firm currently has a hold rating on the stock.
Separately, CIBC assumed coverage on shares of Torex Gold Resources in a report on Wednesday, September 25th. They issued a neutral rating on the stock.
Shares of OTCMKTS:TORXF opened at $12.61 on Friday. The firm’s 50-day simple moving average is $13.41 and its 200-day simple moving average is $11.73. Torex Gold Resources has a fifty-two week low of $7.46 and a fifty-two week high of $16.54.
Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna deposit that consists of 7 mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.
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