Analyst Actions: Torex Gold Gets Lower Target Price from BMO Capital; Kept with Outperform

Welcome To The Torex Gold Resources HUB On AGORACOM

Torex Gold Resources Inc. is a well funded, growth oriented Canadian mining company engaged in the exploration and development of precious metal resources with a focus on gold.

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Analyst Actions: Torex Gold Gets Lower Target Price from BMO Capital; Kept with Outperform

posted on Jan 09, 2018 11:38AM

2018-01-09 10:50:21 AM ET (MT Newswires)

10:50 AM EST, 01/09/2018 (MT Newswires) -- Torex Gold (TXG.TO) slipped in recent trade, having been issued with a lower target price of $23 by BMO Capital while keeping an outperform rating.

BMO said the stock offers exposure to immediate cash generation from the high-quality El Limon-Guajes operation in Mexico, a quality management team with a track record of delivery, and potential for low-cost growth through exploration programs.

BMO reduced its EPS forecasts to $0.13 for 2017 and to $0.49 for 2018 while maintaining its 2019 estimate of $0.44.

Price: 11.51, Change: -0.09, Percent Change: -0.8

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