Cormark Reduces Earnings Estimates for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Analysts at Cormark cut their Q2 2025 earnings estimates for shares of Torex Gold Resources in a research report issued on Monday, June 9th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $1.05 for the quarter, down from their prior estimate of $1.40. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share. Cormark also issued estimates for Torex Gold Resources' FY2025 earnings at $5.15 EPS.

A number of other research analysts have also recently weighed in on the company. CIBC upgraded Torex Gold Resources from a "neutral" rating to an "outperform" rating and raised their price target for the company from C$42.00 to C$58.00 in a research report on Monday, April 14th. Raymond James lifted their price objective on Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. TD Securities raised their target price on Torex Gold Resources from C$39.00 to C$57.00 in a report on Tuesday, April 15th. Cibc World Mkts upgraded Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, BMO Capital Markets lifted their target price on Torex Gold Resources from C$44.00 to C$56.00 in a research report on Friday, May 2nd. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$55.00.

Torex Gold Resources Price Performance

TSE:TXG traded up C$0.04 during trading hours on Wednesday, hitting C$48.33. The company's stock had a trading volume of 399,228 shares, compared to its average volume of 327,865. The business's 50-day moving average is C$44.15 and its two-hundred day moving average is C$35.99. The company has a market capitalization of C$2.93 billion, a PE ratio of 25.99, a PEG 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 has a 52-week low of C$19.01 and a 52-week 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.