Torex Gold Resources Inc (TSE:TXG) – Clarus Securities boosted their FY2018 earnings estimates for shares of Torex Gold Resources in a report released on Thursday. Clarus Securities analyst J. Spratt now expects that the company will earn $0.71 per share for the year, up from their prior estimate of $0.52. Clarus Securities currently has a “Speculative Buy” rating on the stock. Clarus Securities also issued estimates for Torex Gold Resources’ FY2019 earnings at $1.43 EPS and FY2020 earnings at $2.86 EPS.
Several other research analysts have also recently weighed in on TXG. TD Securities upgraded shares of Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 price objective for the company in a research report on Wednesday, October 25th. Scotiabank dropped their price objective on shares of Torex Gold Resources from C$34.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 8th. Eight Capital reiterated a “buy” rating on shares of Torex Gold Resources in a research report on Thursday, November 16th. Royal Bank of Canada dropped their target price on shares of Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating for the company in a research report on Monday, December 4th. Finally, Desjardins reiterated a “hold” rating on shares of Torex Gold Resources in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$18.75.
Torex Gold Resources (TSE:TXG) last posted its quarterly earnings data on Thursday, November 9th. The company reported C($0.02) earnings per share for the quarter, missing the 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 during the quarter.
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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