Torex Gold Resources (TXG) Set to Announce Quarterly Earnings on Wednesday

Torex Gold Resources (TSE:TXG) is scheduled to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C$0.66 per share for the quarter.

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

Torex Gold Resources Stock Down 1.2 %

Shares of TSE:TXG opened at C$18.99 on Monday. The company has a 50-day moving average price of C$18.50 and a 200 day moving average price of C$15.58. The company has a current ratio of 1.44, a quick ratio of 2.12 and a debt-to-equity ratio of 2.14. Torex Gold Resources has a 12 month low of C$12.40 and a 12 month high of C$25.40. The company has a market cap of C$1.63 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 0.02 and a beta of 1.18.

Analyst Ratings Changes

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

Insider Buying and Selling at Torex Gold Resources

In other Torex Gold Resources news, Director Rodrigo Sandoval Navarro bought 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of C$9.97 per share, for a total transaction of C$49,843.00. 0.22% of the stock is currently owned by corporate insiders.

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.