Torex Gold Resources (OTCMKTS:TORXF) Stock Price Down 1.5% – Time to Sell?

Torex Gold Resources Inc. (OTCMKTS:TORXF) fell 1.5% on Monday . The stock traded as low as $37.14 and last traded at $37.53. 17,884 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 52,733 shares. The stock had previously closed at $38.0850.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TORXF shares. BMO Capital Markets reissued an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, July 8th. Scotiabank reiterated an “outperform” rating on shares of Torex Gold Resources in a research report on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Torex Gold Resources currently has a consensus rating of “Buy”.

Torex Gold Resources Trading Down 1.5%

The business has a fifty day moving average price of $42.64 and a 200 day moving average price of $46.75.

About Torex Gold Resources

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.