Torex Gold Resources (OTCMKTS:TORXF) PT Lowered to $24.00

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Torex Gold Resources (OTCMKTS:TORXF) had its target price decreased by analysts at Scotiabank from $29.00 to $24.00 in a report issued on Tuesday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 80.07% from the company’s previous close.

A number of other brokerages have also issued reports on TORXF. CIBC reduced their target price on Torex Gold Resources from $28.50 to $26.50 and set a “neutral” rating for the company in a research note on Monday, February 8th. BMO Capital Markets cut their price target on Torex Gold Resources from $34.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, February 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Torex Gold Resources presently has a consensus rating of “Buy” and a consensus price target of $28.50.

Shares of TORXF stock opened at $13.33 on Tuesday. The business has a fifty day moving average of $12.86 and a 200 day moving average of $14.22. Torex Gold Resources has a 1 year low of $9.04 and a 1 year high of $19.45.

About Torex Gold Resources

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 mining complex and the Media Luna deposit that consists of seven mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.

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Analyst Recommendations for Torex Gold Resources (OTCMKTS:TORXF)

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