Research Analysts Offer Predictions for Torex Gold Resources Inc’s FY2017 Earnings (TXG)
Torex Gold Resources Inc (TSE:TXG) – Stock analysts at Clarus Securities reduced their FY2017 earnings per share (EPS) estimates for Torex Gold Resources in a report issued on Wednesday. Clarus Securities analyst J. Spratt now anticipates that the company will post earnings of $0.73 per share for the year, down from their prior forecast of $1.19. Clarus Securities currently has a “Hold” rating on the stock.
A number of other analysts have also commented on TXG. TD Securities reduced their price target 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. Scotiabank reduced their price target on shares of Torex Gold Resources from C$34.00 to C$15.00 and set a “sector perform” rating for the company in a research note on Wednesday.
TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/research-analysts-offer-predictions-for-torex-gold-resources-incs-fy2017-earnings-txg/1696890.html.
Torex Gold Resources (TSE TXG) opened at C$13.36 on Friday. Torex Gold Resources has a twelve month low of C$12.42 and a twelve month high of C$33.85.
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 Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torex Gold Resources Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.