Clarus Securities Brokers Lift Revenue Estimation for Torex Gold Resources Inc (TXG)

Clarus Securities Brokers Lift Revenue Estimation for Torex Gold Resources Inc (TXG)

Torex Gold Resources Inc (TSE:TXG) – Research analysts at Clarus Securities raised their FY2017 earnings per share estimates for shares of Torex Gold Resources in a research note issued to investors on Thursday. Clarus Securities analyst J. Spratt now anticipates that the firm will post earnings per share of $1.52 for the year, up from their previous estimate of $1.49.

Separately, TD Securities lowered shares of Torex Gold Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 24th.

Shares of Torex Gold Resources (TSE:TXG) opened at 26.22 on Friday. Torex Gold Resources has a 12-month low of $16.50 and a 12-month high of $35.17. The company has a market capitalization of $2.09 billion and a price-to-earnings ratio of 655.50. The firm’s 50-day moving average is $27.25 and its 200-day moving average is $25.23.

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.

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