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10x Genomics (TXG) Upgraded to Buy: Here's Why
ZACKS· 2025-08-06 17:01
Core Viewpoint - 10x Genomics (TXG) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, indicating a positive outlook for the company's stock price [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, which reflects the changing earnings picture of a company [1][2]. - A strong correlation exists between changes in earnings estimates and near-term stock price movements, making the Zacks rating system valuable for investors [4][6]. Institutional Investor Influence - Institutional investors utilize earnings estimates to determine the fair value of a company's shares, leading to significant stock price movements based on their buying or selling activities [4]. Business Improvement Indicators - Rising earnings estimates and the Zacks rating upgrade for 10x Genomics suggest an improvement in the company's underlying business, which could lead to increased stock prices [5][10]. Earnings Estimate Revisions - 10x Genomics is projected to earn -$1.12 per share for the fiscal year ending December 2025, with no year-over-year change; however, the Zacks Consensus Estimate has increased by 19.8% over the past three months [8]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7][9]. - The upgrade of 10x Genomics to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].
Torex Gold Resources (TORX.F) Earnings Call Presentation
2025-07-28 12:00
Transaction Overview - Torex Gold is set to acquire all outstanding shares of Prime Mining, implying an equity value of $449 million (US$327 million)[19] - The transaction consideration is an exchange ratio of 0.0600 Torex common shares per Prime Mining share, representing an offer price of $2.57 per Prime Mining share based on Torex's closing price on July 25, 2025[19] - This represents a 32.4% premium based on the 30-day volume-weighted average prices of Torex and Prime Mining and an 18.5% premium based on spot prices[19] Benefits to Torex Gold Shareholders - The acquisition diversifies Torex's asset base by adding the Los Reyes project, a high-quality advanced exploration/development asset, to drive growth[20] - The Los Reyes project boasts a sizeable mineral resource, materially increasing Torex's resource base[20] Benefits to Prime Mining Shareholders - Prime Mining shareholders receive an immediate and significant premium, including a 32.4% premium to the 30-day VWAP and an 18.5% premium to spot prices[21] - Prime Mining shareholders gain participation in a high-margin, growing gold-copper company through a 10.7% ownership in the pro forma company[21] Los Reyes Project Highlights - The Los Reyes project has a multi-million ounce deposit, including a high-grade mill resource[29] - The Los Reyes project contains total indicated resources of 49.0 million tonnes with a gold grade of 0.95 g/t and a silver grade of 34.2 g/t, containing 1,491 koz of gold and 54.0 Moz of silver[30] - The Los Reyes project contains total inferred resources of 17.2 million tonnes with a gold grade of 0.97 g/t and a silver grade of 39.0 g/t, containing 538 koz of gold and 21.6 Moz of silver[30] Exploration and Development - Torex has budgeted $45 million towards drilling in 2025 (124,500 metres) across its properties[41]
10x Genomics and A*STAR Genome Institute of Singapore Launch TISHUMAP Study to Advance AI-Driven Drug Target Discovery
Prnewswire· 2025-07-17 13:00
Core Insights - 10x Genomics and A*STAR Genome Institute of Singapore have launched a collaboration for the TISHUMAP project aimed at drug target discovery and precision medicine for cancer and inflammatory diseases [1][2][3] Group 1: Project Overview - The TISHUMAP project will analyze up to 2,500 formalin-fixed paraffin-embedded (FFPE) clinical tissue samples from various cancers, including gastric, liver, and colorectal cancers [2] - The project utilizes 10x Genomics' Xenium platform, which allows for visualization of gene activity within individual cells in intact tissues, providing a detailed molecular-level map of cellular interactions [2][4] - The collaboration aims to develop new diagnostics and personalized treatment plans by identifying novel biomarkers and drug targets through advanced AI analysis [2][3] Group 2: Collaboration Details - A*STAR GIS and 10x Genomics will work on both data generation and analysis, creating tailored gene panels and intelligent software pipelines for managing large datasets [3] - The partnership focuses on streamlining lab workflows and developing advanced tools for sample preparation, imaging, and spatial biology data analysis [3] Group 3: Company Background - 10x Genomics is a life science technology company that provides integrated research solutions for single cell and spatial biology, contributing to breakthroughs in various fields including oncology and immunology [5] - A*STAR GIS is part of Singapore's Agency for Science, Technology and Research, focusing on genomic sciences to improve human health and societal impact [6][7]
Torex Gold Reports Excellent Drilling Results from EPO
Newsfile· 2025-07-16 22:00
Core Insights - Torex Gold Resources Inc. reports excellent drilling results from the northern extension of the EPO deposit, indicating strong potential for resource expansion and enhanced production profiles beyond 2035 [1][4][31] Drilling Results - The recent drilling program has yielded high-grade intercepts, including 55.18 grams per tonne (gpt) AuEq over 20.1 meters in drill hole ML24-1049DA, and 4.92 gpt AuEq over 35.7 meters in ML24-1042 [3][7] - The northern portion of EPO mineralization extends over an area of at least 500 x 200 meters with vertical continuity exceeding 100 meters [3][12] Resource Expansion - The 2024 drilling program successfully added approximately 233,000 gold equivalent ounces (oz AuEq) to Inferred Resources, primarily from the northern area of the deposit [2][7] - The ongoing drilling aims to upgrade Inferred Resources to Indicated Resources, with expectations for a significant increase in resources by the year-end 2025 mineral reserve and resource update [9][16] Production Outlook - Torex is on track to achieve first production from EPO by the end of 2026, with a projected minimum annual production of at least 450,000 oz AuEq through 2030 [4][31] - The company has budgeted approximately $10 million for drilling at EPO, with $5 million allocated specifically for the northern extension [17][32] Geological Context - The EPO deposit is characterized by a complex geological setting, including the Morelos Formation and various intrusive phases, which contribute to the mineralization [18][19] - The mineralization is controlled by structural features such as the La Avispa fault, which influences the distribution of mineralized zones [11][19]
10x Genomics to Report Second Quarter 2025 Financial Results on August 7, 2025
Prnewswire· 2025-07-10 20:05
Core Viewpoint - 10x Genomics, Inc. will report its financial results for Q2 2025 on August 7, 2025, and will host a conference call to discuss these results and future outlook [1]. Group 1: Financial Reporting - The financial results for the second quarter ended June 30, 2025, will be announced after market close on August 7, 2025 [1]. - A public conference call and live webcast for analysts and investors will begin at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time [1]. Group 2: Company Overview - 10x Genomics is a life science technology company focused on products that enhance the understanding of biology and improve human health [3]. - The company offers integrated research solutions, including instruments, consumables, and software for single cell and spatial biology, aiding researchers in comprehending complex biological systems [3]. - Its products contribute to advancements in various fields such as oncology, immunology, and neuroscience, leading to significant discoveries in health and disease [3]. Group 3: Disclosure Practices - 10x Genomics utilizes various channels, including SEC filings, press releases, and social media, to disclose material non-public information and comply with disclosure obligations [4].
Torex Gold Announces Results of Its 2025 Meeting of Shareholders
Newsfile· 2025-06-18 21:00
Core Points - Torex Gold Resources Inc. held its 2025 annual and special meeting of shareholders virtually, where all director nominees were elected [1][2] - KPMG LLP was re-appointed as the auditors of the Company [3] - Resolutions for unallocated share units under the Employee Share Unit Plan and Restricted Share Plan were approved until the 2028 annual shareholders' meeting [5][6] - A non-binding advisory resolution regarding executive compensation was accepted, with 97.41% of votes in favor [8][9] Election of Directors - Richard A. Howes received 99.82% of votes in favor - Jody L.M. Kuzenko received 99.94% of votes in favor - Caroline Donally received 98.77% of votes in favor - Jennifer J. Hooper received 99.60% of votes in favor - Jay C. Kellerman received 99.18% of votes in favor - Rosalie C. Moore received 99.94% of votes in favor - Rodrigo Sandoval received 99.43% of votes in favor [2] Appointment of Auditor - KPMG LLP was re-appointed as the auditors of the Company through a ballot vote [3] Approval of Share Units - The unallocated share units under the Employee Share Unit Plan were approved with 95.57% of votes in favor [5] - The unallocated share units under the Restricted Share Plan were approved with 92.73% of votes in favor [6] Executive Compensation - The advisory resolution on executive compensation was accepted with 97.41% of votes in favor [8][9] Company Overview - Torex Gold Resources Inc. is an intermediate gold producer based in Canada, focusing on the exploration, development, and operation of its 100% owned Morelos Property [10] - The Morelos Complex includes several mines and a processing plant, with commercial production starting on April 1, 2016 [11] - Key strategic objectives include optimizing production, growing reserves, and responsible mining practices [12]
Torex Gold Resources Inc. (TXG) Closes the Market
Newsfile· 2025-06-17 20:43
Company Overview - Torex Gold Resources Inc. is an intermediate gold producer based in Canada, focusing on the exploration, development, and operation of its 100% owned Morelos Property, which spans 29,000 hectares in the Guerrero Gold Belt, located 180 kilometers southwest of Mexico City [2][3]. Key Assets - The principal asset of the company is the Morelos Complex, which includes the producing Media Luna Underground, ELG Underground, and ELG Open Pit mines, as well as the development stage EPO Underground Project and a processing plant [3]. Production and Development - Commercial production from the Morelos Complex commenced on April 1, 2016, and an updated Technical Report for the Morelos Complex was released in March 2022 [3]. Strategic Objectives - Torex's strategic objectives include delivering Media Luna to full production, building EPO, optimizing production and costs at Morelos, growing reserves and resources, disciplined growth and capital allocation, attracting top industry talent, and leading in responsible mining [4]. Growth and Diversification - The company aims to realize the full potential of the Morelos Property while seeking opportunities to acquire assets that enable diversification and deliver value to shareholders [4].
Torex Gold Releases 2024 Responsible Gold Mining Report
Newsfile· 2025-06-12 10:00
Core Insights - Torex Gold Resources Inc. released its 2024 Responsible Gold Mining Report, emphasizing its commitment to responsible mining practices and showcasing its safety, environmental, social, and governance performance [2][3] Group 1: Report Highlights - The report achieved full conformance with the World Gold Council Responsible Gold Mining Principles and the International Cyanide Management Code [4] - There were zero reportable environmental incidents or spills during the reporting period [4] - 99% of employees are from Mexico, with 67% from Guerrero State and 41% from local communities [4] - The company invested $3.5 million in community development and infrastructure projects through Community Development Agreements with 11 host communities [4] - 92% of procurement expenditures, amounting to $929 million, were spent in Mexico [4] - 58% of water usage was recycled, and 60% of non-mineral waste was recycled [4] - The company was featured in a World Gold Council documentary, which has garnered approximately 6 million views [4] - There was a continued improvement in scoring from key ESG ratings agencies [4] Group 2: Strategic Objectives - The company's strategic objectives include delivering Media Luna to full production, building the EPO project, optimizing production and costs at Morelos, growing reserves and resources, and maintaining leadership in responsible mining [8] - The company aims to attract and retain top industry talent while seeking opportunities for asset acquisition to diversify and enhance shareholder value [8] Group 3: Company Overview - Torex Gold Resources Inc. is an intermediate gold producer based in Canada, operating the Morelos Property, which spans 29,000 hectares in the Guerrero Gold Belt, located 180 kilometers southwest of Mexico City [6][7]
Wall Street Analysts Think 10x Genomics (TXG) Could Surge 43.12%: Read This Before Placing a Bet
ZACKS· 2025-05-29 15:00
Group 1 - 10x Genomics (TXG) closed at $8.86, with a 7.1% gain over the past four weeks, and a mean price target of $12.68 suggests a 43.1% upside potential [1] - The mean estimate consists of 14 short-term price targets with a standard deviation of $3.05, indicating variability among analysts; the lowest estimate is $6.50 (26.6% decline), while the highest is $18 (103.2% increase) [2] - Analysts show strong agreement on TXG's ability to report better earnings than previously predicted, which supports the potential for stock upside [4][11] Group 2 - Over the last 30 days, the Zacks Consensus Estimate for TXG's current year earnings has increased by 17.8%, with seven estimates moving higher and no negative revisions [12] - TXG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for near-term upside [13]
Torex Gold Announces Amendment to RSU Plan
Newsfile· 2025-05-26 11:00
Core Points - Torex Gold Resources Inc. is proposing an amendment to its restricted share unit plan (RSU Plan) to be presented at the annual and special meeting of shareholders on June 18, 2025 [1][3] - The RSU Amendment aims to address concerns from a proxy voting advisory firm by restricting the board from amending the amendment section of the RSU Plan in the future [2][3] - The RSU Amendment has been approved by the board and requires shareholder approval to be effective [3] Company Overview - Torex Gold Resources Inc. is an intermediate gold producer based in Canada, focusing on the exploration, development, and operation of its 100% owned Morelos Property, which spans 29,000 hectares in the Guerrero Gold Belt [4] - The principal asset of the company is the Morelos Complex, which includes several mines and a processing plant, with commercial production starting on April 1, 2016 [5] - The company's strategic objectives include delivering Media Luna to full production, optimizing production and costs, growing reserves, and pursuing disciplined growth and capital allocation [6]