Torex Gold Resources Inc (TSE:TXG) – Stock analysts at Cormark dropped their Q3 2018 earnings estimates for shares of Torex Gold Resources in a research note issued on Tuesday. Cormark analyst R. Gray now anticipates that the company will earn $0.15 per share for the quarter, down from their prior forecast of $0.25.
Several other research analysts have also issued reports on TXG. TD Securities upgraded Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 price objective for the company in a research note on Wednesday, October 25th. Scotiabank lowered their target price on Torex Gold Resources from C$34.00 to C$15.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 8th. Clarus Securities lowered Torex Gold Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Eight Capital restated a “buy” rating on shares of Torex Gold Resources in a research note on Thursday, November 16th. Finally, Royal Bank of Canada lowered their target price on Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating for the company in a research note on Monday, December 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$20.25.
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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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