Torex Gold Resources Inc (TXG) to Post FY2019 Earnings of $0.49 Per Share, Cormark Forecasts

Torex Gold Resources Inc (TSE:TXG) – Cormark cut their FY2019 earnings per share estimates for Torex Gold Resources in a research note issued to investors on Tuesday. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.49 for the year, down from their prior forecast of $1.37.

Other analysts have also issued reports about the company. Canaccord Genuity lowered their price target on Torex Gold Resources from C$19.00 to C$18.50 in a research note on Friday, January 19th. BMO Capital Markets lowered their price target on Torex Gold Resources from C$35.00 to C$25.00 in a research note on Monday, December 18th. Desjardins raised Torex Gold Resources from a “hold” rating to a “buy” rating and lowered their price target for the stock from C$16.00 to C$14.50 in a research note on Friday, January 5th. TD Securities raised Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 price target on the stock in a research note on Wednesday, October 25th. Finally, Eight Capital reaffirmed a “buy” rating on shares of Torex Gold Resources in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Torex Gold Resources presently has a consensus rating of “Buy” and an average target price of C$18.67.

Shares of Torex Gold Resources (TXG) traded down C$0.27 during trading hours on Thursday, hitting C$12.42. The stock had a trading volume of 377,639 shares, compared to its average volume of 675,415. The firm has a market capitalization of $1,010.00, a price-to-earnings ratio of 16.82 and a beta of -1.80. Torex Gold Resources has a 12-month low of C$10.12 and a 12-month high of C$33.85.

Torex Gold Resources (TSE:TXG) last issued its quarterly earnings results on Thursday, November 9th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ 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.

Earnings History and Estimates for Torex Gold Resources (TSE:TXG)

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