Torex Gold Resources (TORXF) Set to Release Quarterly Earnings on Wednesday

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

Torex Gold Resources Stock Performance

Shares of Torex Gold Resources stock opened at $48.77 on Wednesday. Torex Gold Resources has a one year low of $32.30 and a one year high of $62.56. The stock’s 50-day moving average is $49.86 and its 200 day moving average is $46.71.

Wall Street Analysts Forecast Growth

TORXF has been the subject of a number of research analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, July 8th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Torex Gold Resources in a report on Friday, October 16th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Torex Gold Resources in a research report on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Torex Gold Resources presently has a consensus 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.