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

Torex Gold Resources Inc. (OTCMKTS:TORXF)’s stock price rose 0.7% during trading 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.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TORXF shares. Scotiabank reiterated an “outperform” rating on shares of Torex Gold Resources in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, February 4th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Torex Gold Resources Stock Up 0.7%

The company has a fifty day moving average of $48.51 and a two-hundred day moving average of $47.10.

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.