Torex Gold Resources’ (TSE:TXG) Speculative Buy Rating Reiterated at Clarus Securities

Clarus Securities restated their speculative buy rating on shares of Torex Gold Resources (TSE:TXG) in a research report sent to investors on Wednesday, January 17th. Clarus Securities also issued estimates for Torex Gold Resources’ FY2018 earnings at $0.52 EPS.

A number of other equities analysts also recently weighed in on TXG. Royal Bank of Canada dropped their price target on shares of 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. TD Securities lowered their target price on shares of 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. Scotiabank lowered their target price on shares of Torex Gold Resources from C$34.00 to C$15.00 and set a sector perform rating on the stock in a research report on Wednesday, November 8th. Desjardins reissued a hold rating on shares of Torex Gold Resources in a research report on Monday, December 11th. Finally, BMO Capital Markets set a C$23.00 target price on shares of Torex Gold Resources and gave the stock an outperform rating in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$18.75.

Shares of Torex Gold Resources (TSE TXG) traded down C$0.47 during trading hours on Wednesday, reaching C$11.61. 503,200 shares of the company’s stock traded hands, compared to its average volume of 623,957. Torex Gold Resources has a 52 week low of C$10.12 and a 52 week high of C$32.85. The firm has a market cap of $929.68, a P/E ratio of 15.28 and a beta of -1.63.

Torex Gold Resources (TSE:TXG) last announced its earnings results on Thursday, November 9th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the 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%. The firm had revenue of C$126.00 million for the quarter.

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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.

Analyst Recommendations for Torex Gold Resources (TSE:TXG)

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