Torex Gold Resources Inc reports results for the quarter ended March 31 - Earnings Summary

• Torex Gold Resources Inc TXG.TO reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 42 cents. The mean expectation of nine analysts for the quarter was for earnings of 25 cents per share. Wall Street expected results to range from 17 cents to 31 cents per share.

• Revenue fell 28.1% to $170.00 million from a year ago; analysts expected $173.00 million.

• Torex Gold Resources Inc's reported EPS for the quarter was 45 cents​.

• Torex Gold Resources Inc shares had risen by 17.9% this quarter and gained 65.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 126.5% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the gold peer group is also "buy"

• Wall Street's median 12-month price target for Torex Gold Resources Inc is C$56.50

This summary was machine generated from LSEG data May 8 at 12:52 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)