FY2019 EPS Estimates for Torex Gold Resources Inc Lowered by Analyst (TXG)
Torex Gold Resources Inc (TSE:TXG) – Clarus Securities lowered their FY2019 earnings per share estimates for Torex Gold Resources in a research report issued on Thursday, April 4th. Clarus Securities analyst J. Spratt now expects that the company will post earnings per share of $0.96 for the year, down from their prior estimate of $1.33.
Several other analysts also recently issued reports on TXG. Eight Capital upped their price target on shares of Torex Gold Resources from C$18.00 to C$19.75 in a report on Friday, February 22nd. Royal Bank of Canada increased their price target on shares of Torex Gold Resources from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Friday, January 11th. Cormark raised their price objective on shares of Torex Gold Resources from C$17.50 to C$19.50 in a research note on Friday, January 11th. Finally, Desjardins restated a “buy” rating and set a C$20.00 price objective on shares of Torex Gold Resources in a research report on Monday, January 7th.
Torex Gold Resources (TSE:TXG) last issued its quarterly earnings data on Thursday, February 21st. The company reported C$0.21 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.15 by C$0.06. The business had revenue of C$172.76 million during the quarter.
In other news, Director Terry Macgibbon sold 42,000 shares of the business’s stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of C$14.01, for a total value of C$588,420.00. Following the completion of the transaction, the director now owns 57,800 shares of the company’s stock, valued at C$809,778. Also, Director Michael Darren Murphy sold 42,977 shares of the company’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of C$13.96, for a total transaction of C$599,838.58. Insiders sold 142,977 shares of company stock worth $2,000,259 over the last 90 days.
Torex Gold Resources Company Profile
Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna deposit that consists of 7 mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.
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