Torex Gold Resources (OTCMKTS:TORXF) Shares Down 5.3% – Here’s What Happened

Torex Gold Resources Inc. (OTCMKTS:TORXF) dropped 5.3% during mid-day trading on Tuesday . The stock traded as low as $41.3520 and last traded at $42.41. Approximately 30,027 shares were traded during trading, a decline of 53% from the average daily volume of 63,646 shares. The stock had previously closed at $44.76.

Analyst Ratings Changes

TORXF has been the subject of a number of analyst reports. Scotiabank restated an “outperform” rating on shares of Torex Gold Resources in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, February 4th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Torex Gold Resources Price Performance

The stock has a 50-day moving average price of $49.69 and a two-hundred day moving average price of $43.29.

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.