Cormark Issues Pessimistic Outlook for TSE:TXG Earnings

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Research analysts at Cormark cut their Q3 2025 EPS estimates for shares of Torex Gold Resources in a note issued to investors on Tuesday, June 24th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $1.62 for the quarter, down from their prior forecast of $1.63. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share. Cormark also issued estimates for Torex Gold Resources' Q4 2025 earnings at $1.88 EPS.

A number of other research analysts also recently weighed in on the stock. CIBC upgraded shares of 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 report on Monday, April 14th. National Bankshares set a C$70.00 price target on shares of Torex Gold Resources and gave the company an "outperform" rating in a report on Thursday, June 5th. BMO Capital Markets raised their price target on shares of Torex Gold Resources from C$44.00 to C$56.00 in a report on Friday, May 2nd. Desjardins set a C$60.00 price target on shares of Torex Gold Resources and gave the company a "buy" rating in a report on Thursday, June 5th. Finally, TD Securities raised their price target on shares of Torex Gold Resources from C$39.00 to C$57.00 in a report on Tuesday, April 15th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$55.00.

Torex Gold Resources Stock Down 3.9%

Shares of TSE:TXG traded down C$1.72 during trading on Thursday, reaching C$42.38. 290,281 shares of the company traded hands, compared to its average volume of 327,610. The firm has a market cap of C$2.57 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The firm has a fifty day simple moving average of C$44.56 and a 200 day simple moving average of C$36.97. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. Torex Gold Resources has a 1-year low of C$19.01 and a 1-year high of C$49.25.

About Torex Gold Resources

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.