Torex Gold Resources (TORXF) Expected to Post Quarterly Earnings on Wednesday

Torex Gold Resources (OTCMKTS:TORXF) is anticipated to announce its results after the market closes on Wednesday, November 4th. Analysts expect the company to post earnings of $1.47 per share and revenue of $542.65 million for the quarter.

Torex Gold Resources Price Performance

Shares of Torex Gold Resources stock opened at $48.77 on Wednesday. Torex Gold Resources has a twelve month low of $32.30 and a twelve month high of $62.56. The company’s fifty day moving average is $49.86 and its 200 day moving average is $46.71.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Torex Gold Resources in a research report on Friday, October 16th. BMO Capital Markets restated an “outperform” rating on shares of Torex Gold Resources in a research report on Wednesday, July 8th. Finally, Scotiabank restated an “outperform” rating on shares of Torex Gold Resources in a research report on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is a Canada-based mining company focused on the exploration, development and operation of gold properties. Its principal asset is the wholly owned Morelos Gold Property in the state of Guerrero, Mexico, which includes the El Limón Guajes mining complex, a processing facility and the Media Luna project.

The company produces gold from a combination of open-pit and underground operations at the Morelos property. Its activities also include mineral exploration, mine development, processing and related infrastructure and environmental programs.