FY2019 EPS Estimates for Torex Gold Resources Inc (TXG) Reduced by Analyst

Torex Gold Resources Inc (TSE:TXG) – Stock analysts at Desjardins dropped their FY2019 EPS estimates for Torex Gold Resources in a note issued to investors on Friday, Zacks Investment Research reports. Desjardins analyst J. Wolfson now forecasts that the company will earn $0.51 per share for the year, down from their prior estimate of $0.59. Desjardins has a “Buy” rating and a $14.50 price objective on the stock.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets lowered their price objective on shares of Torex Gold Resources from C$35.00 to C$25.00 in a research report on Monday, December 18th. TD Securities upgraded shares of Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 price objective on the stock in a research report on Wednesday, October 25th. Eight Capital restated a “buy” rating on shares of Torex Gold Resources in a research report on Thursday, November 16th. Clarus Securities downgraded shares of Torex Gold Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Royal Bank of Canada lowered their price objective on shares of Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Monday, December 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Torex Gold Resources currently has an average rating of “Buy” and a consensus price target of C$18.70.

Shares of Torex Gold Resources (TXG) traded up C$0.05 during trading on Monday, reaching C$11.70. 501,324 shares of the company were exchanged, compared to its average volume of 708,209. The company has a market capitalization of $1,000.00, a P/E ratio of 15.60 and a beta of -1.80. Torex Gold Resources has a 12 month low of C$10.12 and a 12 month high of C$33.85.

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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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Earnings History and Estimates for Torex Gold Resources (TSE:TXG)

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