Torex Gold Resources (OTCMKTS:TORXF) Price Target Raised to C$26.00 at Scotiabank

Torex Gold Resources (OTCMKTS:TORXF) had its price target upped by Scotiabank from C$25.00 to C$26.00 in a research note released on Tuesday, The Fly reports.

Several other research analysts have also recently issued reports on TORXF. BMO Capital Markets reduced their price objective on Torex Gold Resources from C$26.00 to C$24.00 and set an outperform rating for the company in a research note on Thursday, November 4th. National Bankshares restated a hold rating and issued a $24.00 price objective on shares of Torex Gold Resources in a research note on Friday, October 8th. Finally, CIBC restated a hold rating and issued a $22.00 price objective on shares of Torex Gold Resources in a research note on Friday, October 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Torex Gold Resources has an average rating of Hold and a consensus target price of $23.75.

Shares of OTCMKTS:TORXF opened at $9.87 on Tuesday. Torex Gold Resources has a 52-week low of $8.99 and a 52-week high of $15.52. The business has a 50-day moving average price of $10.78 and a 200-day moving average price of $10.88.

About Torex Gold Resources

Torex Gold Resources, Inc is a Canadian based resource company, which engages in the exploration and development of precious metal resources with a focus on gold. It holds interest in Morelos gold project. The company was founded on November 13, 1980 and is headquartered in Toronto, Canada.

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