Torex Gold Resources (OTCMKTS:TORXF) Lowered to “Sector Perform” at Royal Bank of Canada

Royal Bank of Canada cut shares of Torex Gold Resources (OTCMKTS:TORXF) from an outperform rating to a sector perform rating in a research note published on Thursday, September 5th, The Fly reports. Royal Bank of Canada currently has $24.00 price objective on the stock.

OTCMKTS TORXF traded up $0.04 during trading hours on Thursday, reaching $13.22. The company’s stock had a trading volume of 5,310 shares, compared to its average volume of 19,461. The firm has a fifty day simple moving average of $14.52 and a 200-day simple moving average of $11.65. Torex Gold Resources has a 52 week low of $7.46 and a 52 week high of $16.54.

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 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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