Torex Gold Resources (OTCMKTS:TORXF) Price Target Raised to C$26.00 at Scotiabank

Torex Gold Resources (OTCMKTS:TORXF) had its price objective upped by Scotiabank from C$25.00 to C$26.00 in a research note released on Tuesday, The Fly reports.

Several other analysts have also recently issued reports on TORXF. BMO Capital Markets decreased their price objective on Torex Gold Resources from C$26.00 to C$24.00 and set an outperform rating on the stock in a report on Thursday, November 4th. National Bankshares reaffirmed a hold rating and set a $24.00 price objective on shares of Torex Gold Resources in a report on Friday, October 8th. Finally, CIBC reaffirmed a hold rating and set a $22.00 price objective on shares of Torex Gold Resources in a report on Friday, October 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Torex Gold Resources has an average rating of Hold and an average price target of $23.75.

Shares of TORXF opened at $9.87 on Tuesday. Torex Gold Resources has a 1 year low of $8.99 and a 1 year high of $15.52. The business’s 50 day simple moving average is $10.78 and its 200-day simple moving average is $10.88.

About Torex Gold Resources

Torex Gold Resources, Inc is a Canadian based resource company, which engages in the exploration and development of precious metal resources with a focus on gold. It holds interest in Morelos gold project. The company was founded on November 13, 1980 and is headquartered in Toronto, Canada.

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