Q3 2017 Earnings Forecast for Torex Gold Resources Inc (TXG) Issued By Cormark

Torex Gold Resources Inc (TSE:TXG) – Cormark cut their Q3 2017 earnings estimates for Torex Gold Resources in a research report issued on Monday. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.11 per share for the quarter, down from their prior forecast of $0.27.

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Torex Gold Resources (TXG) opened at 19.18 on Wednesday. Torex Gold Resources has a 52-week low of $17.05 and a 52-week high of $33.85. The firm has a market capitalization of $1.53 billion and a P/E ratio of 31.97. The company has a 50 day moving average price of $20.30 and a 200 day moving average price of $22.33.

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.

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

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