Research Analysts Set Expectations for Torex Gold Resources Inc’s FY2017 Earnings (TXG)

Torex Gold Resources Inc (TSE:TXG) – Investment analysts at Desjardins lowered their FY2017 earnings per share estimates for shares of Torex Gold Resources in a research report issued to clients and investors on Monday. Desjardins analyst J. Wolfson now forecasts that the company will post earnings per share of ($0.12) for the year, down from their prior forecast of ($0.08). Desjardins has a “Buy” rating and a $14.50 price target on the stock. Desjardins also issued estimates for Torex Gold Resources’ Q4 2017 earnings at ($0.21) EPS, Q1 2018 earnings at ($0.14) EPS, Q2 2018 earnings at $0.10 EPS and FY2018 earnings at $0.07 EPS.

Torex Gold Resources (TSE:TXG) last posted 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 net margin of 5.89% and a return on equity of 2.92%.

Other equities analysts have also issued reports about the company. Canaccord Genuity lowered their target price on Torex Gold Resources from C$19.00 to C$18.50 in a report on Friday, January 19th. TD Securities lowered their target price on Torex Gold Resources from C$24.00 to C$19.00 and set a “buy” rating for the company in a report on Friday, November 10th. Clarus Securities lowered Torex Gold Resources from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Royal Bank of Canada lowered their target price on Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating for the company in a report on Monday, December 4th. Finally, Eight Capital reaffirmed a “buy” rating on shares of Torex Gold Resources in a report on Thursday, November 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Torex Gold Resources currently has an average rating of “Buy” and a consensus target price of C$18.67.

Torex Gold Resources (TSE:TXG) opened at C$12.45 on Wednesday. The company has a market capitalization of $1,010.00, a P/E ratio of 16.82 and a beta of -1.80. Torex Gold Resources has a fifty-two week low of C$10.12 and a fifty-two week high of C$33.85.

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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.

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

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