Research Analysts Offer Predictions for Torex Gold Resources Inc’s FY2019 Earnings (TXG)

Torex Gold Resources Inc (TSE:TXG) – Investment analysts at Clarus Securities increased their FY2019 earnings per share (EPS) estimates for Torex Gold Resources in a research report issued to clients and investors on Wednesday. Clarus Securities analyst J. Spratt now anticipates that the company will earn $1.48 per share for the year, up from their prior estimate of $0.93. Clarus Securities has a “Speculative Buy” rating on the stock.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings data on Thursday, November 9th. The company reported C($0.02) earnings per share 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%.

Other equities analysts also recently issued research reports about the company. Canaccord Genuity lowered their price target on Torex Gold Resources from C$19.00 to C$18.50 in a research report on Friday. TD Securities decreased their target price on Torex Gold Resources from C$24.00 to C$19.00 and set a “buy” rating on the stock in a research report on Friday, November 10th. Royal Bank of Canada decreased their target price on Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Monday, December 4th. BMO Capital Markets set a C$23.00 target price on Torex Gold Resources and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Finally, Eight Capital reaffirmed a “buy” rating on shares of Torex Gold Resources in a report on Thursday, November 16th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Torex Gold Resources presently has a consensus rating of “Buy” and an average price target of C$18.67.

Torex Gold Resources (TSE:TXG) traded down C$0.07 during trading on Monday, reaching C$12.46. The company had a trading volume of 413,772 shares, compared to its average volume of 632,731. The firm has a market capitalization of $994.98, a price-to-earnings ratio of 16.84 and a beta of -1.80. Torex Gold Resources has a 12-month low of C$10.12 and a 12-month high of C$33.85.

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Torex Gold Resources Company Profile

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.

Earnings History and Estimates for Torex Gold Resources (TSE:TXG)

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