Torex Gold Resources (OTCMKTS:TORXF) Stock Price Down 1.3% – What’s Next?

Shares of Torex Gold Resources Inc. (OTCMKTS:TORXF) were down 1.3% on Thursday. The company traded as low as $47.80 and last traded at $48.00. 42,114 shares were traded during mid-day trading, a decline of 15% from the average session volume of 49,509 shares. The stock had previously closed at $48.61.

Wall Street Analyst Weigh In

TORXF has been the subject of a number of recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Torex Gold Resources in a research report on Wednesday, July 8th. BMO Capital Markets reissued 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, Based on data from MarketBeat.com, Torex Gold Resources has an average rating of “Buy”.

Torex Gold Resources Trading Down 1.3%

The stock’s 50-day simple moving average is $46.99 and its two-hundred day simple moving average is $44.54.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is a Canada-based gold mining company focused on the exploration, development and production of gold. The company’s principal asset is the Morelos Gold Property in the state of Guerrero, Mexico, which includes the El Limón Guajes mining complex, a centralized processing facility and the Media Luna project.

The Morelos operations comprise underground and open-pit mining activities, along with processing infrastructure used to produce gold doré. Media Luna is designed to complement the company’s existing operations and expand access to mineral resources across the Morelos property.