Cormark Research Analysts Decrease Earnings Estimates for Torex Gold Resources Inc (TXG)
Torex Gold Resources Inc (TSE:TXG) – Investment analysts at Cormark reduced their Q3 2018 earnings per share (EPS) estimates for shares of Torex Gold Resources in a note issued to investors on Tuesday. Cormark analyst R. Gray now expects that the company will earn $0.15 per share for the quarter, down from their prior forecast of $0.25.
Several other research firms have also recently weighed in on TXG. TD Securities reduced their target price on shares of Torex Gold Resources from C$24.00 to C$19.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Royal Bank of Canada reduced 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 note on Monday, December 4th. Clarus Securities cut shares of Torex Gold Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. BMO Capital Markets reduced their target price on shares of Torex Gold Resources from C$35.00 to C$25.00 in a research note on Monday. Finally, Eight Capital restated a “buy” rating on shares of Torex Gold Resources in a research note on Thursday, November 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Torex Gold Resources currently has an average rating of “Buy” and a consensus target price of C$20.25.
TRADEMARK VIOLATION NOTICE: This article was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.watchlistnews.com/cormark-research-analysts-decrease-earnings-estimates-for-torex-gold-resources-inc-txg/1774911.html.
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.