Torex Gold Resources Inc (OTCMKTS:TORXF) shot up 1.4% on Monday . The stock traded as high as $15.84 and last traded at $15.65, 11,524 shares traded hands during mid-day trading. A decline of 77% from the average session volume of 50,286 shares. The stock had previously closed at $15.43.
A number of equities research analysts recently weighed in on the company. Royal Bank of Canada set a $22.00 target price on Torex Gold Resources and gave the stock a “hold” rating in a research report on Friday, October 18th. CIBC started coverage on Torex Gold Resources in a report on Wednesday, September 25th. They issued a “neutral” rating for the company.
The business’s 50 day simple moving average is $14.94 and its 200 day simple moving average is $13.74.
Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna deposit that consists of 7 mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.
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