FY2025 Earnings Forecast for TSE:TXG Issued By Desjardins

Key Points

• Desjardins has downgraded its FY2025 earnings per share estimate for Torex Gold Resources to $4.20 from $4.33, while maintaining a "Buy" rating and a target price of $65.00.
• The consensus estimate for Torex's current full-year earnings is $3.63 per share, with analysts issuing varying price target adjustments ranging from C$58.00 to C$77.00.
• Torex Gold Resources has a market cap of C$5.10 billion and its stock is currently trading at around C$59.15, reflecting a year-high of C$60.34.

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Stock analysts at Desjardins reduced their FY2025 earnings per share estimates for Torex Gold Resources in a report issued on Wednesday, October 1st. Desjardins analyst A. Carson now expects that the company will post earnings of $4.20 per share for the year, down from their prior estimate of $4.33. Desjardins has a "Buy" rating and a $65.00 price objective on the stock. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share. Desjardins also issued estimates for Torex Gold Resources' FY2026 earnings at $6.36 EPS.

A number of other equities research analysts also recently issued reports on the company. Canaccord Genuity Group increased their price target on Torex Gold Resources from C$64.00 to C$77.00 in a research report on Thursday. National Bankshares raised their target price on Torex Gold Resources from C$71.00 to C$75.00 and gave the company an "outperform" rating in a report on Wednesday, September 24th. Royal Bank Of Canada raised their target price on Torex Gold Resources from C$60.00 to C$65.00 in a report on Thursday, June 12th. Raymond James Financial raised their target price on Torex Gold Resources from C$55.00 to C$58.00 in a report on Thursday, August 21st. Finally, TD Securities reduced their target price on Torex Gold Resources from C$64.00 to C$62.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, Torex Gold Resources has an average rating of "Buy" and a consensus target price of C$62.10.

Torex Gold Resources Stock Performance

Shares of Torex Gold Resources stock opened at C$59.15 on Monday. The firm has a market cap of C$5.10 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 0.02 and a beta of 0.87. Torex Gold Resources has a one year low of C$25.52 and a one year high of C$60.34. 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$48.00 and its 200-day moving average is C$44.82.

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.

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