Torex Gold Resources Inc (TSE:TXG)’s share price dropped 1% during mid-day trading on Friday . The company traded as low as C$14.30 and last traded at C$14.35. Approximately 71,935 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 438,450 shares. The stock had previously closed at C$14.21.

Several research firms have weighed in on TXG. Scotiabank dropped their target price on shares of Torex Gold Resources from C$34.00 to C$15.00 and set a “sector perform” rating for the company in a report on Wednesday, November 8th. Eight Capital restated a “buy” rating on shares of Torex Gold Resources in a report on Thursday, November 16th. TD Securities upgraded shares of Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 target price for the company in a report on Wednesday, October 25th. Finally, Clarus Securities downgraded shares of Torex Gold Resources from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th.

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About Torex Gold Resources

Torex Gold Resources Inc is a Canada-based resource company. The Company operates through the segment of mineral exploration and mine development and operation in Mexico. The Company is engaged in the exploration, development and operation of the Morelos Gold Property. The Morelos Gold Property is located in the Guerrero Gold Belt in southern Mexico, approximately 180 kilometers to the southwest of Mexico City and 50 kilometers southwest of Iguala.

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