Cormark Research Analysts Cut Earnings Estimates for TSE:TXG

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Equities research analysts at Cormark dropped their Q3 2025 earnings per share estimates for Torex Gold Resources in a research report issued on Tuesday, June 24th. Cormark analyst R. Gray now anticipates that the company will earn $1.62 per share 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.

TXG has been the topic of a number of other research reports. Raymond James Financial increased their target price on Torex Gold Resources from C$34.00 to C$47.00 in a report on Friday, April 4th. Desjardins set a C$60.00 price target on Torex Gold Resources and gave the company a "buy" rating in a report on Thursday, June 5th. Cibc World Mkts raised Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. BMO Capital Markets raised their price objective on Torex Gold Resources from C$44.00 to C$56.00 in a research note on Friday, May 2nd. Finally, TD Securities raised their price target on Torex Gold Resources from C$39.00 to C$57.00 in a research note on Tuesday, April 15th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Torex Gold Resources currently has a consensus rating of "Buy" and an average price target of C$55.00.

Torex Gold Resources Stock Performance

Shares of TSE:TXG traded down C$1.72 during midday trading on Thursday, reaching C$42.38. 290,281 shares of the company's stock traded hands, compared to its average volume of 327,610. The company has a market cap of C$2.57 billion, a price-to-earnings ratio of 22.79, a P/E/G 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 one year low of C$19.01 and a one year high of C$49.25. The stock has a 50 day moving average of C$44.56 and a 200 day moving average of C$37.09.

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.