Torex Gold Resources Inc (TXG) Expected to Post FY2017 Earnings of ($0.13) Per Share
Torex Gold Resources Inc (TSE:TXG) – Analysts at Desjardins issued their FY2017 EPS estimates for Torex Gold Resources in a research report issued on Wednesday. Desjardins analyst J. Wolfson expects 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.
Other analysts have also recently issued research reports about the stock. Canaccord Genuity dropped their price objective on shares of Torex Gold Resources from C$19.00 to C$18.50 in a report on Friday, January 19th. TD Securities dropped their price objective on shares of Torex Gold Resources from C$24.00 to C$19.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Clarus Securities lowered shares of Torex Gold Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Royal Bank of Canada decreased 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, Eight Capital reiterated a “buy” rating on shares of Torex Gold Resources in a research 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 stock. The company has an average rating of “Buy” and an average price target of C$18.75.
Torex Gold Resources (TSE:TXG) last released its quarterly earnings data on Thursday, November 9th. The company reported C($0.02) earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of C$126.00 million during the quarter.
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.
Receive News & Ratings for Torex Gold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torex Gold Resources and related companies with MarketBeat.com's FREE daily email newsletter.