Torex Gold Resources (TORXF) Projected to Post Quarterly Earnings on Thursday

Torex Gold Resources (OTCMKTS:TORXF) is expected to be releasing its results after the market closes on Thursday, August 6th. Analysts expect the company to post earnings of $1.01 per share and revenue of $416.00 million for the quarter.

Torex Gold Resources Trading Up 3.0%

Shares of OTCMKTS:TORXF opened at $40.12 on Wednesday. Torex Gold Resources has a 52-week low of $28.89 and a 52-week high of $62.56. The business’s 50 day simple moving average is $40.49 and its two-hundred day simple moving average is $45.56.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, July 8th. Scotiabank restated an “outperform” rating on shares of Torex Gold Resources in a research note on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

About Torex Gold Resources

Torex Gold Resources Inc is a Canada-based intermediate gold producer, developer and explorer that trades on the OTC Markets under the symbol TORXF. The company’s core business centers on the exploration, development and mining of gold deposits, with a focus on delivering sustainable production and growth through its flagship assets in Mexico.

The company’s principal operation is the Morelos Gold Project, located in the Guerrero Gold Belt of central Mexico. This integrated mining, processing and ancillary infrastructure complex includes the El Limón Guajes open pit mining area and supporting underground development.