Torex Gold Resources Inc (TSE:TXG) – Investment analysts at Cormark dropped their Q4 2017 earnings per share estimates for Torex Gold Resources in a research note issued to investors on Wednesday. Cormark analyst R. Gray now anticipates that the company will earn ($0.12) per share for the quarter, down from their previous forecast of ($0.11).
TXG has been the topic of several other research reports. TD Securities raised Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 price target on the stock in a research note on Wednesday, October 25th. Scotiabank decreased their price target on Torex Gold Resources from C$34.00 to C$15.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 8th. Clarus Securities lowered Torex Gold Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Eight Capital reissued a “buy” rating on shares of Torex Gold Resources in a research note on Thursday, November 16th. Finally, Royal Bank of Canada decreased their price target on Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Monday, December 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$18.70.
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 the Zacks’ consensus estimate 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%.
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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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