Torex Gold Resources Inc (TSE:TXG) – Research analysts at Clarus Securities lowered their FY2018 earnings estimates for shares of Torex Gold Resources in a report released on Wednesday. Clarus Securities analyst J. Spratt now anticipates that the company will post earnings per share of $0.52 for the year, down from their previous forecast of $0.68. Clarus Securities has a “Speculative Buy” rating on the stock.
Torex Gold Resources (TSE:TXG) last issued its earnings results on Thursday, November 9th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.22). Torex Gold Resources had a net margin of 5.89% and a return on equity of 2.92%.
Shares of Torex Gold Resources (TXG) traded down C$0.45 during trading hours on Friday, hitting C$12.53. 414,592 shares of the company’s stock were exchanged, compared to its average volume of 649,574. The firm has a market cap of $1,000.00, a price-to-earnings ratio of 16.71 and a beta of -1.80. Torex Gold Resources has a 52 week low of C$10.12 and a 52 week high of C$33.85.
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About Torex Gold Resources
Torex Gold Resources Inc is a Canada-based resource company. The Company operates through the segment of mineral exploration and mine development and operation in Mexico. The Company is engaged in the exploration, development and operation of the Morelos Gold Property. The Morelos Gold Property is located in the Guerrero Gold Belt in southern Mexico, approximately 180 kilometers to the southwest of Mexico City and 50 kilometers southwest of Iguala.
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