Increased risk weighs on TOREX GOLD RESOURCES, penalising its rating down to Slightly Negative
The independent financial analyst theScreener just lowered the general evaluation of TOREX GOLD RESOURCES (CA), active in the Platinum & Precious Metals industry. As regards its fundamental valuation, the title still shows 3 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date March 15, 2022, the closing price was CAD 16.25 and its target price was estimated at CAD 12.11.Torex Gold Resources is a Canadian mining company engaged in the exploration and development of precious metal resources with a focus on gold. It owns 100% of the Morelos Gold Project, an advanced stage gold exploration property, located 180km southwest of Mexico City.
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