Cormark Cuts Earnings Estimates for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Equities research analysts at Cormark lowered their FY2025 EPS estimates for shares of Torex Gold Resources in a report released on Tuesday, June 24th. Cormark analyst R. Gray now expects that the company will post earnings per share of $5.11 for the year, down from their prior forecast of $5.15. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.

A number of other brokerages also recently weighed in on TXG. National Bankshares set a C$70.00 price target on shares of Torex Gold Resources and gave the company an "outperform" rating in a research report on Thursday, June 5th. Desjardins set a C$60.00 price target on shares of Torex Gold Resources and gave the company a "buy" rating in a research report on Thursday, June 5th. TD Securities increased their price target on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday, April 15th. Royal Bank Of Canada increased their price target on shares of Torex Gold Resources from C$60.00 to C$65.00 in a research report on Thursday, June 12th. Finally, BMO Capital Markets raised their target price on shares of Torex Gold Resources from C$44.00 to C$56.00 in a report on Friday, May 2nd. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$55.00.

Torex Gold Resources Trading Down 3.9%

Shares of TSE:TXG traded down C$1.72 during mid-day trading on Wednesday, reaching C$42.38. The stock had a trading volume of 290,281 shares, compared to its average volume of 327,610. The firm has a market cap of C$2.57 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The firm has a 50 day simple moving average of C$44.56 and a two-hundred day simple moving average of C$36.97. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. Torex Gold Resources has a twelve month low of C$19.01 and a twelve month high of C$49.25.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala.