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.

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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.

TRADEMARK VIOLATION NOTICE: “Torex Gold Resources Inc Forecasted to Post FY2016 Earnings of $0.87 Per Share (TXG)” was first reported by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of international trademark and copyright law. The legal version of this piece of content can be accessed at http://www.dailypolitical.com/2017/01/14/torex-gold-resources-inc-forecasted-to-post-fy2016-earnings-of-0-87-per-share-txg.html.

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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