Cormark Forecasts Stronger Earnings for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Stock analysts at Cormark increased their Q2 2025 earnings estimates for Torex Gold Resources in a research report issued on Monday, May 12th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $1.40 for the quarter, up from their previous forecast of $1.39. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share. Cormark also issued estimates for Torex Gold Resources' Q3 2025 earnings at $1.60 EPS, Q4 2025 earnings at $1.83 EPS, FY2025 earnings at $5.42 EPS, FY2026 earnings at $5.41 EPS and FY2027 earnings at $6.09 EPS.

Several other research analysts have also commented on TXG. Cibc World Mkts upgraded Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. 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 raised Torex Gold Resources from a "neutral" rating to an "outperform" rating and lifted their target price for the company from C$42.00 to C$58.00 in a research report on Monday, April 14th. Royal Bank of Canada increased their price target on shares of Torex Gold Resources from C$44.00 to C$45.00 in a research report on Friday, April 4th. Finally, Raymond James raised their price objective on shares of Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$47.19.

Torex Gold Resources Trading Up 4.0%

Shares of TSE:TXG traded up C$1.66 during mid-day trading on Thursday, reaching C$42.85. 119,261 shares of the company were exchanged, compared to its average volume of 335,176. The firm has a market cap of C$2.60 billion, a price-to-earnings ratio of 23.04, 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 current ratio of 1.00 and a quick ratio of 2.12. Torex Gold Resources has a 1 year low of C$19.01 and a 1 year high of C$49.07. The firm's 50-day simple moving average is C$41.13 and its 200 day simple moving average is C$33.91.

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.