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Desjardins Issues Negative Estimate for TSE:TXG Earnings

Torex Gold Resources logo with Basic Materials background

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Equities researchers at Desjardins reduced their Q2 2025 earnings estimates for Torex Gold Resources in a research report issued on Thursday, July 17th. Desjardins analyst A. Carson now expects that the company will post earnings of $0.33 per share for the quarter, down from their prior estimate of $0.67. Desjardins has a "Buy" rating and a $60.00 price objective on the stock. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.

A number of other research firms have also recently weighed in on TXG. Cormark lifted their price objective on shares of Torex Gold Resources from C$46.00 to C$55.00 in a report on Monday, April 14th. CIBC raised shares of Torex Gold Resources from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from C$42.00 to C$58.00 in a report on Monday, April 14th. Cibc World Mkts raised shares of Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Raymond James Financial lifted their price objective on shares of Torex Gold Resources from C$34.00 to C$47.00 in a report on Friday, April 4th. Finally, National Bankshares set a C$70.00 price objective on shares of Torex Gold Resources and gave the company an "outperform" rating in a report on Thursday, June 5th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$57.56.

Read Our Latest Report on TXG

Torex Gold Resources Stock Performance

TXG traded down C$0.73 on Monday, reaching C$42.69. The stock had a trading volume of 187,540 shares, compared to its average volume of 315,721. Torex Gold Resources has a 12-month low of C$19.01 and a 12-month high of C$49.25. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The business's 50-day moving average price is C$44.32 and its two-hundred day moving average price is C$38.95. The company has a market cap of C$2.59 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34.

About Torex Gold Resources

(Get Free Report)

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.

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Earnings History and Estimates for Torex Gold Resources (TSE:TXG)

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