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 Company Profile

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.

Featured Story: How to trade on quiet period expirations

Receive News & Ratings for Torex Gold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torex Gold Resources and related companies with's FREE daily email newsletter.