Torex Gold Resources (TXG) Scheduled to Post Quarterly Earnings on Wednesday

Torex Gold Resources (TSE:TXG) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Torex Gold Resources to post earnings of C$0.66 per share for the quarter.

Torex Gold Resources (TSE:TXG) last issued its earnings results on Wednesday, February 21st. The company reported C$0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.98 by C($0.21). Torex Gold Resources had a net margin of 23.16% and a return on equity of 14.68%. The company had revenue of C$384.49 million during the quarter.

Torex Gold Resources Stock Down 1.2 %

TSE TXG opened at C$18.99 on Monday. The business’s fifty day simple moving average is C$18.50 and its 200-day simple moving average is C$15.58. The company has a quick ratio of 2.12, a current ratio of 1.44 and a debt-to-equity ratio of 2.14. The firm has a market cap of C$1.63 billion, a PE ratio of 5.97, a P/E/G ratio of 0.02 and a beta of 1.18. Torex Gold Resources has a 52 week low of C$12.40 and a 52 week high of C$25.40.

Insiders Place Their Bets

In related news, Director Rodrigo Sandoval Navarro acquired 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of C$9.97 per share, with a total value of C$49,843.00. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TXG shares. Canaccord Genuity Group lifted their target price on shares of Torex Gold Resources from C$26.25 to C$28.50 in a research note on Tuesday, April 23rd. National Bankshares raised their price target on shares of Torex Gold Resources from C$25.00 to C$25.25 in a report on Friday, April 19th. Finally, CIBC lifted their price target on shares of Torex Gold Resources from C$21.00 to C$23.00 in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$25.16.

About Torex Gold Resources

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.