Torex Gold Resources Inc Forecasted to Post FY2016 Earnings of $0.87 Per Share (TXG)
Torex Gold Resources Inc (TSE:TXG) – Clarus Securities reduced their FY2016 earnings per share estimates for Torex Gold Resources in a research note issued on Tuesday. Clarus Securities analyst J. Spratt now expects that the brokerage will post earnings per share of $0.87 for the year, down from their prior forecast of $0.88. Clarus Securities also issued estimates for Torex Gold Resources’ FY2017 earnings at $1.45 EPS, FY2018 earnings at $1.53 EPS and FY2019 earnings at $1.60 EPS.
Torex Gold Resources (TSE:TXG) opened at 26.74 on Thursday. The company’s 50 day moving average is $20.40 and its 200-day moving average is $25.25. Torex Gold Resources has a 52-week low of $2.35 and a 52-week high of $35.17. The firm’s market cap is $2.13 billion.
About Torex Gold Resources
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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