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

Torex Gold Resources (TSE:TXG) will release 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 released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.77 EPS for the quarter, missing analysts’ consensus estimates of C$0.98 by C($0.21). The company had revenue of C$384.49 million for the quarter. Torex Gold Resources had a return on equity of 14.68% and a net margin of 23.16%.

Torex Gold Resources Price Performance

TXG stock opened at C$18.99 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 2.12 and a debt-to-equity ratio of 2.14. The company has a market cap of C$1.63 billion, a P/E ratio of 5.92, a P/E/G ratio of 0.02 and a beta of 1.33. The company’s 50-day moving average price is C$18.61 and its 200 day moving average price is C$15.62. Torex Gold Resources has a 52 week low of C$12.40 and a 52 week high of C$25.40.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TXG. National Bankshares lifted their target price on shares of Torex Gold Resources from C$25.00 to C$25.25 in a research report on Friday, April 19th. Canaccord Genuity Group lifted their target price on shares of Torex Gold Resources from C$26.25 to C$28.50 in a research report on Tuesday, April 23rd. Finally, CIBC lifted their target price 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’s stock. According to data from MarketBeat.com, Torex Gold Resources presently has an average rating of “Moderate Buy” and an average target price of C$25.16.

Insider Activity

In other news, Director Rodrigo Sandoval Navarro acquired 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average price of C$9.97 per share, with a total value of C$49,843.00. Company insiders own 0.22% of the company’s stock.

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.