Torex Gold Resources Inc (TSE:TXG) – Equities research analysts at Cormark dropped their Q3 2018 earnings per share (EPS) estimates for Torex Gold Resources in a research note issued on Tuesday, Zacks Investment Research reports. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.15 per share for the quarter, down from their previous estimate of $0.25.
TXG has been the subject of a number of other reports. Desjardins upgraded Torex Gold Resources from a “hold” rating to a “buy” rating and decreased their price objective for the company from C$16.00 to C$14.50 in a report on Friday, January 5th. Clarus Securities downgraded Torex Gold Resources from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. BMO Capital Markets decreased their price objective on Torex Gold Resources from C$35.00 to C$25.00 in a report on Monday, December 18th. Royal Bank of Canada decreased their price target 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, TD Securities decreased their price target 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$18.70.
Shares of Torex Gold Resources (TXG) opened at C$11.70 on Wednesday. The firm has a market capitalization of $934.29, a price-to-earnings ratio of 15.60 and a beta of -1.80. Torex Gold Resources has a 1-year low of C$10.12 and a 1-year high of C$33.85.
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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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