Torex Gold Resources Inc (TSE:TXG) Forecasted to Post FY2019 Earnings of $0.51 Per Share

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

A number of other research firms have also weighed in on TXG. TD Securities raised Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 target price on the stock in a report on Wednesday, October 25th. Scotiabank set a C$15.00 target price on Torex Gold Resources and gave the stock a “sector perform” rating in a report on Tuesday, January 9th. Eight Capital reaffirmed a “buy” rating on shares of Torex Gold Resources in a report on Thursday, November 16th. BMO Capital Markets set a C$23.00 price objective on Torex Gold Resources and gave the company an “outperform” rating in a report on Tuesday, January 9th. Finally, Royal Bank of Canada decreased their price objective on 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Torex Gold Resources currently has a consensus rating of “Buy” and a consensus price target of C$18.70.

Torex Gold Resources (TSE:TXG) traded up C$0.33 during mid-day trading on Monday, hitting C$12.98. The company had a trading volume of 707,836 shares, compared to its average volume of 669,156. The firm has a market cap of $1,040.00, a price-to-earnings ratio of 17.31 and a beta of -1.80. Torex Gold Resources has a 1-year low of C$10.12 and a 1-year high of C$33.85.

Torex Gold Resources (TSE:TXG) last posted its earnings results on Thursday, November 9th. The company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.22). Torex Gold Resources had a return on equity of 2.92% and a net margin of 5.89%. ILLEGAL ACTIVITY WARNING: “Torex Gold Resources Inc (TSE:TXG) Forecasted to Post FY2019 Earnings of $0.51 Per Share” was originally published by BBNS and is the sole property of of BBNS. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://baseballnewssource.com/markets/equities-analysts-set-expectations-for-torex-gold-resources-incs-fy2019-earnings-txg/1823993.html.

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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