Torex Gold Resources (TSE:TXG) had its price objective lowered by Eight Capital from C$15.85 to C$15.50 in a research note released on Thursday.

TXG has been the subject of a number of other reports. Canaccord Genuity lowered their price target on Torex Gold Resources from C$18.00 to C$15.00 in a research report on Tuesday, July 24th. Royal Bank of Canada lowered their price target on Torex Gold Resources from C$19.00 to C$18.00 and set an outperform rating for the company in a research report on Thursday, May 10th. Finally, TD Securities lowered Torex Gold Resources from a buy rating to a hold rating and lowered their price target for the company from C$17.00 to C$13.00 in a research report on Tuesday, July 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Torex Gold Resources has an average rating of Buy and an average target price of C$15.86.

TSE TXG opened at C$9.25 on Thursday. Torex Gold Resources has a 12 month low of C$7.29 and a 12 month high of C$21.75.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings results on Thursday, August 9th. The company reported C$0.17 EPS for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.02). The company had revenue of C$131.39 million during the quarter. Torex Gold Resources had a negative net margin of 61.27% and a negative return on equity of 14.51%.

In other news, Director Terry Macgibbon sold 9,524 shares of the firm’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of C$13.03, for a total transaction of C$124,097.72.

Torex Gold Resources Company Profile

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

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Analyst Recommendations for Torex Gold Resources (TSE:TXG)

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