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Cormark Has Bearish Estimate for TSE:TXG FY2025 Earnings

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Key Points

  • Cormark has revised its FY2025 EPS estimate for Torex Gold Resources from $4.90 to $4.57, below the consensus estimate of $3.63.
  • Multiple research firms have increased their price targets for Torex Gold, with Royal Bank of Canada raising theirs from C$60.00 to C$65.00.
  • Currently, six analysts rate Torex Gold as a buy, indicating a positive outlook despite the revised earnings forecast.
  • Want stock alerts on Torex Gold Resources? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Equities research analysts at Cormark dropped their FY2025 earnings per share (EPS) estimates for shares of Torex Gold Resources in a research report issued on Tuesday, July 29th. Cormark analyst R. Gray now expects that the company will earn $4.57 per share for the year, down from their prior estimate of $4.90. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.

Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada increased their price target on Torex Gold Resources from C$60.00 to C$65.00 in a research note on Thursday, June 12th. CIBC raised Torex Gold Resources from a "neutral" rating to an "outperform" rating and raised their price objective for the company from C$42.00 to C$58.00 in a report on Monday, April 14th. Cibc World Mkts raised Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Desjardins lifted their price target on Torex Gold Resources from C$63.00 to C$65.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Finally, Raymond James Financial boosted their price objective on Torex Gold Resources from C$47.00 to C$55.00 in a research note on Tuesday, July 29th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Torex Gold Resources has an average rating of "Buy" and an average target price of C$59.00.

View Our Latest Report on Torex Gold Resources

Torex Gold Resources Stock Up 0.4%

TXG stock traded up C$0.17 during trading on Wednesday, reaching C$39.20. 401,203 shares of the company traded hands, compared to its average volume of 320,151. Torex Gold Resources has a 12 month low of C$19.01 and a 12 month high of C$49.25. The business has a 50 day simple moving average of C$44.04 and a 200 day simple moving average of C$39.54. The company has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00.

Torex Gold Resources Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Torex Gold Resources (TSE:TXG)

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