Torex Gold Resources Inc (TXG) Expected to Post FY2017 Earnings of ($0.13) Per Share

Torex Gold Resources Inc (TSE:TXG) – Research analysts at Desjardins issued their FY2017 earnings estimates for Torex Gold Resources in a research report issued on Wednesday. Desjardins analyst J. Wolfson forecasts that the company will post earnings of ($0.13) per share for the year. Desjardins currently has a “Buy” rating and a $15.00 target price on the stock. Desjardins also issued estimates for Torex Gold Resources’ Q4 2017 earnings at ($0.21) EPS, FY2018 earnings at $0.19 EPS, FY2019 earnings at $0.54 EPS and FY2020 earnings at $0.64 EPS.

TXG has been the topic of several other reports. Canaccord Genuity lowered their price objective on shares of Torex Gold Resources from C$19.00 to C$18.50 in a research report on Friday, January 19th. BMO Capital Markets lowered their price objective on shares of Torex Gold Resources from C$35.00 to C$25.00 in a research report on Monday, December 18th. TD Securities raised shares of Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 price objective on the stock in a research report on Wednesday, October 25th. Eight Capital reissued a “buy” rating on shares of Torex Gold Resources in a research report on Thursday, November 16th. Finally, Clarus Securities downgraded shares of Torex Gold Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$18.75.

Shares of Torex Gold Resources (TSE:TXG) opened at C$12.08 on Friday. Torex Gold Resources has a one year low of C$10.12 and a one year high of C$32.85. The company has a market cap of $970.50, a price-to-earnings ratio of 16.11 and a beta of -1.63.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings results on Thursday, November 9th. The company reported C($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.20 by C($0.22). Torex Gold Resources had a return on equity of 2.92% and a net margin of 5.89%. The company had revenue of C$126.00 million for the quarter.

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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.

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

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