Torex Gold Resources (TORXF) Expected to Announce Quarterly Earnings on Thursday

Torex Gold Resources (OTCMKTS:TORXF) is projected to release its results after the market closes on Thursday, August 6th. Analysts expect Torex Gold Resources to announce earnings of $1.01 per share and revenue of $416.00 million for the quarter.

Torex Gold Resources Trading Up 0.8%

Shares of OTCMKTS TORXF opened at $38.95 on Tuesday. Torex Gold Resources has a fifty-two week low of $27.50 and a fifty-two week high of $62.56. The stock has a fifty day moving average of $40.57 and a 200-day moving average of $45.63.

Analyst Ratings Changes

TORXF has been the topic of several analyst reports. Scotiabank reiterated an “outperform” rating on shares of Torex Gold Resources in a research report on Wednesday, July 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

About Torex Gold Resources

Torex Gold Resources Inc is a Canada-based intermediate gold producer, developer and explorer that trades on the OTC Markets under the symbol TORXF. The company’s core business centers on the exploration, development and mining of gold deposits, with a focus on delivering sustainable production and growth through its flagship assets in Mexico.

The company’s principal operation is the Morelos Gold Project, located in the Guerrero Gold Belt of central Mexico. This integrated mining, processing and ancillary infrastructure complex includes the El Limón Guajes open pit mining area and supporting underground development.