Torex Gold Resources Inc (TXG) Expected to Earn FY2021 Earnings of $0.71 Per Share

Torex Gold Resources Inc (TSE:TXG) – Stock analysts at Desjardins issued their FY2021 earnings estimates for shares of Torex Gold Resources in a research report issued to clients and investors on Wednesday. Desjardins analyst J. Wolfson forecasts that the company will earn $0.71 per share for the year. Desjardins has a “Buy” rating and a $15.00 price target on the stock.

A number of other research firms also recently commented on TXG. TD Securities upgraded Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 price objective on the stock in a report on Wednesday, October 25th. Scotiabank decreased 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 report on Wednesday, November 8th. Clarus Securities cut Torex Gold Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Eight Capital reaffirmed a “buy” rating on shares of Torex Gold Resources in a research report on Thursday, November 16th. Finally, Royal Bank of Canada decreased 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 report on Monday, December 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$18.75.

Torex Gold Resources (TSE TXG) traded down C$0.47 during trading hours on Thursday, reaching C$11.61. The company had a trading volume of 503,174 shares, compared to its average volume of 642,546. Torex Gold Resources has a 12-month low of C$10.12 and a 12-month high of C$32.85. The firm has a market capitalization of $970.50, a P/E ratio of 15.48 and a beta of -1.63.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings data on Thursday, November 9th. The company reported C($0.02) EPS 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%. The firm had revenue of C$126.00 million during the quarter.

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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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