Cormark Comments on Torex Gold Resources’ Q2 2018 Earnings (TXG)

Torex Gold Resources (TSE:TXG) – Equities researchers at Cormark lifted their Q2 2018 earnings per share estimates for shares of Torex Gold Resources in a note issued to investors on Thursday, April 12th. Cormark analyst R. Gray now anticipates that the company will earn $0.06 per share for the quarter, up from their prior forecast of ($0.03). Cormark also issued estimates for Torex Gold Resources’ Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $0.37 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.16 EPS and FY2019 earnings at $0.63 EPS.

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TXG has been the subject of a number of other reports. Desjardins upgraded Torex Gold Resources from a “hold” rating to a “buy” rating and cut their price target for the company from C$16.00 to C$14.50 in a research note on Friday, January 5th. Royal Bank of Canada cut their price target on Torex Gold Resources from C$22.00 to C$19.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. BMO Capital Markets cut their price target on Torex Gold Resources from C$35.00 to C$25.00 in a research note on Monday, December 18th. Eight Capital cut their price target on Torex Gold Resources from C$20.25 to C$15.00 in a research note on Friday, February 23rd. Finally, TD Securities cut their price target on Torex Gold Resources from C$19.00 to C$14.50 in a research note on Wednesday, March 28th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$16.64.

Torex Gold Resources stock opened at C$13.13 on Monday. Torex Gold Resources has a 52-week low of C$7.29 and a 52-week high of C$27.29.

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Torex Gold Resources Company Profile

Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties. The company explores for gold, silver, and copper deposits. It principally holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna project covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.

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

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