Torex Gold Resources (TXG) Earns Speculative Buy Rating from Clarus Securities
Torex Gold Resources (TSE:TXG)‘s stock had its “speculative buy” rating reiterated by stock analysts at Clarus Securities in a report released on Wednesday. Clarus Securities also issued estimates for Torex Gold Resources’ FY2018 earnings at $0.52 EPS.
Several other equities research analysts have also recently commented on the company. Scotiabank set a C$15.00 target price on Torex Gold Resources and gave the stock a “sector perform” rating in a report on Tuesday, January 9th. BMO Capital Markets set a C$23.00 target price on Torex Gold Resources and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Desjardins raised Torex Gold Resources from a “hold” rating to a “buy” rating and dropped their target price for the stock from C$16.00 to C$14.50 in a report on Friday, January 5th. Royal Bank of Canada dropped their target price on Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a report on Monday, December 4th. Finally, Eight Capital reissued a “buy” rating on shares of Torex Gold Resources in a report on Thursday, November 16th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$18.70.
Shares of Torex Gold Resources (TSE:TXG) opened at C$12.53 on Wednesday. Torex Gold Resources has a twelve month low of C$10.12 and a twelve month high of C$33.85. The company has a market capitalization of $1,000.00, a P/E ratio of 16.71 and a beta of -1.80.
Torex Gold Resources (TSE:TXG) last announced its earnings results on Thursday, November 9th. The company reported C($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.20 by C($0.22). Torex Gold Resources had a return on equity of 2.92% and a net margin of 5.89%.
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About Torex Gold Resources
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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