Desjardins Comments on Torex Gold Resources Inc’s Q3 2019 Earnings (TXG)

Torex Gold Resources Inc (TSE:TXG) – Analysts at Desjardins lifted their Q3 2019 earnings per share estimates for Torex Gold Resources in a research report issued to clients and investors on Friday, April 12th. Desjardins analyst J. Wolfson now forecasts that the company will post earnings of $0.25 per share for the quarter, up from their prior estimate of $0.20. Desjardins currently has a “Buy” rating and a $20.00 target price on the stock. Desjardins also issued estimates for Torex Gold Resources’ Q4 2019 earnings at $0.25 EPS, Q1 2020 earnings at $0.09 EPS, Q2 2020 earnings at $0.09 EPS, Q3 2020 earnings at $0.09 EPS, Q4 2020 earnings at $0.09 EPS and FY2020 earnings at $0.36 EPS.

TXG has been the subject of a number of other research reports. Cormark raised their price target on shares of Torex Gold Resources from C$17.50 to C$19.50 in a research report on Friday, January 11th. Eight Capital raised their price target on shares of Torex Gold Resources from C$18.00 to C$19.75 in a research report on Friday, February 22nd. Finally, Royal Bank of Canada raised their price target on shares of Torex Gold Resources from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Friday, January 11th.

TXG stock opened at C$13.12 on Monday. Torex Gold Resources has a twelve month low of C$7.52 and a twelve month high of C$18.21. The company has a debt-to-equity ratio of 43.91, a current ratio of 1.21 and a quick ratio of 0.87. The company has a market cap of $1.12 billion and a PE ratio of 48.59.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings results on Thursday, February 21st. The company reported C$0.21 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.06. The company had revenue of C$172.76 million for the quarter.

In other Torex Gold Resources news, Director Terry Macgibbon sold 42,000 shares of Torex Gold Resources stock in a transaction on Monday, January 28th. The shares were sold at an average price of C$14.01, for a total value of C$588,420.00. Following the completion of the transaction, the director now owns 57,800 shares of the company’s stock, valued at C$809,778. Also, Director Michael Darren Murphy sold 42,977 shares of Torex Gold Resources stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of C$13.96, for a total transaction of C$599,838.58. Insiders have sold 142,977 shares of company stock valued at $2,000,259 in the last three months.

About Torex Gold Resources

Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna deposit that consists of 7 mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.

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Earnings History and Estimates for Torex Gold Resources (TSE:TXG)

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