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<img src = "https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?w=250&zc=1&src=https://www.marketbeat.com/logos/torex-gold- resources-logo.jpg "alt =" Torex Resources Gold Resources (TSE: TXG) – Cormark badysts have increased their earnings per share estimates for the second quarter of 2018 for Torex Gold Resources (TSE: TXG) shares. Torex Gold Resources in a research note issued to investors on Tuesday, July 10, according to Zacks Investment Research The badyst at Cormark R. Gray now expects the company to report earnings per share of $ 0.18 for the quarter, in up from its previous estimate of $ 0.14 Cormark also released estimates for the fourth quarter earnings of 2018 at $ 0.24, a profit of $ 0.18 for fiscal 2018, a profit of $ 0.16 for the first quarter of 2019, a profit of $ 0.16 for the second quarter of 2019 and a profit $ 0.64 per share.) TSE: TXG) released its results on Wednesday, May 9, 2009. The company announced earnings per share of C $ 0.10 for the quarter, exceeding C $ 0.07 per share. Zacks' consensus estimate of C $ 0.03. Torex Gold Resources had a negative net margin of 61.27% and a negative return on equity of 14.51%. The company achieved a turnover of 106.19 million Canadian dollars for the quarter.
Several other stock badysts also commented on the stock. Royal Bank of Canada lowered its price target for Torex Gold Resources from C $ 19.00 to C $ 18.00 and set an "outperform" rating for the stock in a research note on Thursday 10 may. Canaccord Genuity increased its target price on Torex Gold Resources from CA $ 18.50 to CA $ 21.00 in a research note on Monday, April 23. TD Securities lowered Torex Gold Resources shares from a "buy" to a "hold" rating and lowered its price target for the company from C $ 17.00 to C $ 13.00 in a research note Tuesday. Finally, BMO Capital Markets lowered its target price on Torex Gold Resources from C $ 23.00 to C $ 19.50 in a research note on Wednesday, March 28. Three badysts rated the stock with a reserve note and four made a purchase note for the company's stock. The stock currently has a consensual "Buy" rating and a consensus target price of C $ 15.79.
TXG shares traded up $ 0.14 Cd during trading hours on Wednesday, to reach $ 10.18 CA. 352,714 shares were exchanged, compared with an average volume of 441,946 shares. Torex Gold Resources recorded the lowest level in 12 months at C $ 7.29 and the highest level in 12 months at C $ 23.19.
In addition, Director Terry Macgibbon sold 9,524 shares during a transaction on Monday, June 11th. The stock was sold at an average price of C $ 13.03, for a total value of C $ 124,097.72.
Company Profile Torex Gold Resources
Torex Gold Resources Inc. is engaged in the exploration, development, and operation of mineral properties. The company is exploring deposits of gold, silver and copper. It mainly holds a 100% interest in the Morelos Gold property including 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.
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