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

Torex Gold Resources (TSE:TXG) will be announcing its earnings results 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 released its quarterly 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). The firm 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 Trading Down 4.9 %

Shares of TXG stock opened at C$19.40 on Wednesday. The firm has a market cap of C$1.67 billion, a P/E ratio of 6.10, a PEG ratio of 0.02 and a beta of 1.18. Torex Gold Resources has a 1-year low of C$12.40 and a 1-year high of C$25.40. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.44 and a quick ratio of 2.12. The firm’s 50-day simple moving average is C$18.07 and its 200-day simple moving average is C$15.44.

Analyst Ratings Changes

TXG has been the topic of several recent analyst reports. National Bankshares increased their price objective on shares of Torex Gold Resources from C$25.00 to C$25.25 in a report on Friday, April 19th. Canaccord Genuity Group increased their price objective on shares of Torex Gold Resources from C$26.25 to C$28.50 in a report on Tuesday, April 23rd. Finally, CIBC increased their price objective on shares of Torex Gold Resources from C$21.00 to C$23.00 in a report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$25.16.

Insider Activity at Torex Gold Resources

In other Torex Gold Resources news, Director Rodrigo Sandoval Navarro purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average price of C$9.97 per share, for a total transaction of C$49,843.00. 0.22% of the stock is currently owned by 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.