Torex Gold Resources Inc Expected to Post Q3 2019 Earnings of $0.25 Per Share (TXG)

Torex Gold Resources Inc (TSE:TXG) – Desjardins raised their Q3 2019 earnings per share estimates for Torex Gold Resources in a report issued on Friday, April 12th. Desjardins analyst J. Wolfson now anticipates that the company will earn $0.25 per share for the quarter, up from their previous forecast of $0.20. Desjardins currently has a “Buy” rating and a $20.00 price objective on the stock. Desjardins also issued estimates for Torex Gold Resources’ Q4 2019 earnings at $0.25 EPS, Q1 2020 earnings at $0.09 EPS, Q2 2020 earnings at $0.09 EPS, Q3 2020 earnings at $0.09 EPS, Q4 2020 earnings at $0.09 EPS and FY2020 earnings at $0.36 EPS.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings data on Thursday, February 21st. The company reported C$0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.15 by C$0.06. The business had revenue of C$172.76 million during the quarter.

TXG has been the subject of a number of other reports. Royal Bank of Canada raised their price objective on Torex Gold Resources from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Friday, January 11th. Eight Capital raised their price objective on Torex Gold Resources from C$18.00 to C$19.75 in a research report on Friday, February 22nd. Finally, Cormark raised their price objective on Torex Gold Resources from C$17.50 to C$19.50 in a research report on Friday, January 11th.

TXG opened at C$13.37 on Monday. Torex Gold Resources has a 12-month low of C$7.52 and a 12-month high of C$18.21. The company has a market capitalization of $1.14 billion and a PE ratio of 49.52. The company has a quick ratio of 0.87, a current ratio of 1.21 and a debt-to-equity ratio of 43.91.

In other news, Director Terry Macgibbon sold 58,000 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of C$14.00, for a total value of C$812,000.00. Following the completion of the sale, the director now directly owns 99,800 shares of the company’s stock, valued at C$1,397,200. Also, Director Michael Darren Murphy sold 42,977 shares of the firm’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of C$13.96, for a total value of C$599,838.58. Over the last ninety days, insiders sold 142,977 shares of company stock valued at $2,000,259.

About Torex Gold Resources

Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna deposit that consists of 7 mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.

Recommended Story: What are retained earnings?

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

Receive News & Ratings for Torex Gold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torex Gold Resources and related companies with MarketBeat.com's FREE daily email newsletter.