Torex Gold Resources Inc (TSE:TXG) – Analysts at Cormark raised their Q4 2017 earnings estimates for Torex Gold Resources in a note issued to investors on Tuesday. Cormark analyst R. Gray now forecasts that the company will earn ($0.11) per share for the quarter, up from their prior forecast of ($0.12). Cormark also issued estimates for Torex Gold Resources’ Q1 2018 earnings at ($0.12) EPS.
Other equities analysts have also issued reports about the company. TD Securities lowered their price target on Torex Gold Resources from C$24.00 to C$19.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. BMO Capital Markets set a C$23.00 price target on Torex Gold Resources and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank of Canada lowered their price target on Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Monday, December 4th. Clarus Securities lowered Torex Gold Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Scotiabank set a C$15.00 price target on Torex Gold Resources and gave the company a “sector perform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and five have assigned 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.
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Torex Gold Resources Company Profile
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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