Brokers Offer Predictions for Torex Gold Resources Inc’s FY2017 Earnings (TXG)

Torex Gold Resources Inc (TSE:TXG) – Equities research analysts at Clarus Securities decreased their FY2017 earnings per share estimates for shares of Torex Gold Resources in a note issued to investors on Tuesday. Clarus Securities analyst J. Spratt now expects that the company will earn $0.16 per share for the year, down from their prior estimate of $0.42. Clarus Securities currently has a “Hold” rating on the stock. Clarus Securities also issued estimates for Torex Gold Resources’ FY2018 earnings at $0.68 EPS, FY2019 earnings at $0.93 EPS and FY2020 earnings at $1.91 EPS.

A number of other equities research analysts have also recently commented on TXG. Scotiabank set a C$15.00 target price on Torex Gold Resources and gave the company a “sector perform” rating in a report on Tuesday. BMO Capital Markets set a C$23.00 price objective on Torex Gold Resources and gave the stock an “outperform” rating in a report on Tuesday. Desjardins upgraded Torex Gold Resources from a “hold” rating to a “buy” rating and decreased their price objective for the stock from C$16.00 to C$14.50 in a report on Friday, January 5th. 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. Finally, TD Securities decreased their price objective on Torex Gold Resources from C$24.00 to C$19.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$18.70.

Shares of Torex Gold Resources (TSE:TXG) opened at C$11.74 on Thursday. The company has a market capitalization of $940.71, a price-to-earnings ratio of 15.65 and a beta of -1.80. Torex Gold Resources has a fifty-two week low of C$10.12 and a fifty-two week 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.

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

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