Torex Gold Resources Inc (TSE:TXG) – Equities research analysts at Cormark dropped their FY2016 earnings per share estimates for Torex Gold Resources in a research note issued on Tuesday. Cormark analyst R. Gray now forecasts that the brokerage will post earnings per share of $0.96 for the year, down from their previous forecast of $1.05. Cormark also issued estimates for Torex Gold Resources’ Q4 2016 earnings at $0.24 EPS, Q2 2017 earnings at $0.33 EPS, Q3 2017 earnings at $0.36 EPS, Q4 2017 earnings at $0.36 EPS and FY2017 earnings at $1.16 EPS.

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Torex Gold Resources (TSE:TXG) opened at 26.74 on Thursday. The stock’s market capitalization is $2.13 billion. The firm has a 50-day moving average price of $20.40 and a 200 day moving average price of $25.25. Torex Gold Resources has a 12 month low of $2.35 and a 12 month high of $35.17.

ILLEGAL ACTIVITY WARNING: This news story was originally published by Daily Political and is owned by of Daily Political. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this news story can be read at http://www.dailypolitical.com/2017/01/14/fy2016-eps-estimates-for-torex-gold-resources-inc-txg-cut-by-cormark.html.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is a Canada-based resource company. The Company operates through the segment of exploration and development of mineral properties in Mexico. It is engaged in the exploration, development and operation of the Morelos Gold Property. The Morelos Gold Property includes a land package of over 29,000 hectares and contains over two assets, the ELG Mine, which is in the production-stage, and the Media Luna Project, which is in an advanced-stage of exploration.

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