Torex Gold Resources (OTCMKTS:TORXF) Stock Price Up 3.2% – What’s Next?

Torex Gold Resources Inc. (OTCMKTS:TORXF) was up 3.2% during mid-day trading on Thursday . The stock traded as high as $50.65 and last traded at $50.38. Approximately 13,750 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 52,831 shares. The stock had previously closed at $48.8325.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Scotiabank reissued an “outperform” rating on shares of Torex Gold Resources in a research note on Wednesday, July 8th. BMO Capital Markets restated an “outperform” rating on shares of Torex Gold Resources in a research note on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Torex Gold Resources Stock Performance

The company’s 50 day moving average price is $41.45 and its 200-day moving average price is $44.76.

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.