Torex Gold Resources (OTCMKTS:TORXF) Shares Down 2.5% – Should You Sell?

Shares of Torex Gold Resources Inc. (OTCMKTS:TORXF) fell 2.5% during mid-day trading on Thursday . The company traded as low as $44.19 and last traded at $44.19. 63,429 shares traded hands during trading, an increase of 54% from the average session volume of 41,319 shares. The stock had previously closed at $45.32.

Wall Street Analyst Weigh In

TORXF has been the subject of a number of research analyst reports. Raymond James Financial reiterated an “outperform” rating on shares of Torex Gold Resources in a research report on Friday, October 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, October 8th. Finally, Scotiabank reiterated an “outperform” rating on shares of Torex Gold Resources in a report on Thursday, October 23rd. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Torex Gold Resources Price Performance

The company’s 50 day simple moving average is $43.87 and its 200 day simple moving average is $36.92.

About Torex Gold Resources

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.