Cormark Lifts Earnings Estimates for Torex Gold Resources

Key Points

• Cormark analysts have raised their FY2025 earnings per share estimate for Torex Gold Resources from $4.64 to $4.75, indicating a positive outlook for the company.
• Other analysts have also increased their price targets for Torex Gold shares, with Canaccord Genuity raising theirs from C$64.00 to C$77.00 while Desjardins set a target of C$65.00 with a "buy" rating.
• Torex Gold's stock currently has an average rating of "Buy" and an average price target of C$62.10, reflecting strong investor confidence in the company's performance.

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Analysts at Cormark increased their FY2025 earnings per share estimates for Torex Gold Resources in a research note issued to investors on Tuesday, October 7th. Cormark analyst R. Gray now anticipates that the company will post earnings of $4.75 per share for the year, up from their previous estimate of $4.64. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.

TXG has been the subject of several other reports. Canaccord Genuity Group increased their price target on shares of Torex Gold Resources from C$64.00 to C$77.00 in a research note on Thursday, October 2nd. Desjardins raised their target price on shares of Torex Gold Resources from C$63.00 to C$65.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. TD Securities reduced their price objective on Torex Gold Resources from C$64.00 to C$62.00 and set a "buy" rating for the company in a research report on Friday, August 8th. National Bankshares raised their price objective on Torex Gold Resources from C$71.00 to C$75.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. Finally, Raymond James Financial raised their price target on Torex Gold Resources from C$55.00 to C$58.00 in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$62.10.

Torex Gold Resources Stock Performance

Shares of TXG stock opened at C$60.06 on Wednesday. Torex Gold Resources has a fifty-two week low of C$25.60 and a fifty-two week high of C$64.00. The company has a market capitalization of C$5.18 billion, a P/E ratio of 24.72, a PEG ratio of 0.02 and a beta of 0.87. The stock has a 50 day moving average price of C$48.81 and a two-hundred day moving average price of C$45.16. 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

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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