FY2017 Earnings Estimate for Torex Gold Resources Inc (TXG) Issued By Desjardins
Torex Gold Resources Inc (TSE:TXG) – Research analysts at Desjardins issued their FY2017 earnings estimates for shares of Torex Gold Resources in a research report issued on Monday. Desjardins analyst J. Wolfson anticipates that the company will post earnings of ($0.06) per share for the year. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Torex Gold Resources’ Q4 2017 earnings at ($0.15) EPS, Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.08 EPS, Q4 2018 earnings at $0.17 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.14 EPS and FY2019 earnings at $0.59 EPS.
A number of other equities research analysts have also issued reports on TXG. Royal Bank of Canada cut their price target on shares of Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a report on Monday, December 4th. TD Securities cut their price target on shares of Torex Gold Resources from C$24.00 to C$19.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Scotiabank cut their price target on shares of Torex Gold Resources from C$34.00 to C$15.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 8th. Eight Capital restated a “buy” rating on shares of Torex Gold Resources in a report on Thursday, November 16th. Finally, Clarus Securities downgraded shares of Torex Gold Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$18.67.
Shares of Torex Gold Resources (TXG) opened at C$12.15 on Thursday. Torex Gold Resources has a 1-year low of C$11.53 and a 1-year high of C$33.85.
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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