FY2018 EPS Estimates for Torex Gold Resources Inc Decreased by Analyst (TXG)
Torex Gold Resources Inc (TSE:TXG) – Analysts at Clarus Securities reduced their FY2018 earnings estimates for Torex Gold Resources in a research note issued to investors on Wednesday. Clarus Securities analyst J. Spratt now forecasts that the company will post earnings of $0.52 per share for the year, down from their previous estimate of $0.68. Clarus Securities currently has a “Speculative Buy” rating on the stock.
TXG has been the topic of a number of other research reports. Scotiabank reduced their target price on Torex Gold Resources from C$34.00 to C$15.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 8th. BMO Capital Markets reduced their target price on Torex Gold Resources from C$35.00 to C$25.00 in a report on Monday, December 18th. Desjardins reiterated a “hold” rating on shares of Torex Gold Resources in a report on Monday, December 11th. Eight Capital reiterated a “buy” rating on shares of Torex Gold Resources in a report on Thursday, November 16th. Finally, TD Securities upgraded Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 target price on the stock in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$18.67.
Torex Gold Resources (TSE:TXG) last released its quarterly earnings results on Thursday, November 9th. The company reported C($0.02) EPS for the quarter, missing analysts’ consensus estimates 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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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.
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