Torex Gold Resources (OTCMKTS:TORXF) Stock Price Up 0.7% – Time to Buy?

Torex Gold Resources Inc. (OTCMKTS:TORXFGet Free Report)’s share price rose 0.7% on Wednesday . The stock traded as high as $49.50 and last traded at $47.6140. Approximately 23,117 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 66,487 shares. The stock had previously closed at $47.29.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, February 4th. Scotiabank reaffirmed an “outperform” rating on shares of Torex Gold Resources in a report on Monday, January 26th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Torex Gold Resources has an average rating of “Buy”.

Check Out Our Latest Stock Report on TORXF

Torex Gold Resources Trading Up 0.7%

The company has a fifty day moving average price of $48.51 and a 200 day moving average price of $47.10.

Torex Gold Resources Company Profile

(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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