Q1 EPS Forecast for Torex Gold Resources Lowered by Analyst

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Equities researchers at Cormark dropped their Q1 2025 earnings estimates for Torex Gold Resources in a note issued to investors on Tuesday, April 22nd. Cormark analyst R. Gray now anticipates that the company will earn $0.32 per share for the quarter, down from their previous estimate of $0.41. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.

Other research analysts also recently issued research reports about the stock. Cibc World Mkts raised shares of Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Desjardins reaffirmed a "buy" rating on shares of Torex Gold Resources in a research note on Thursday, April 24th. Royal Bank of Canada raised their price target on shares of Torex Gold Resources from C$44.00 to C$45.00 in a research note on Friday, April 4th. TD Securities raised their price target on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research note on Tuesday, April 15th. Finally, BMO Capital Markets raised their price target on shares of Torex Gold Resources from C$36.00 to C$38.00 in a research note on Thursday, February 20th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$45.19.

Torex Gold Resources Trading Up 0.5 %

Shares of TXG traded up C$0.23 during midday trading on Thursday, hitting C$44.44. The stock had a trading volume of 118,347 shares, compared to its average volume of 336,728. Torex Gold Resources has a 1 year low of C$18.79 and a 1 year high of C$49.07. The firm has a market cap of C$2.69 billion, a PE ratio of 23.89, a price-to-earnings-growth 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. The stock's 50 day moving average is C$37.88 and its 200 day moving average is C$32.52.

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.