FY2025 EPS Estimate for Torex Gold Resources Cut by Analyst

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Analysts at National Bank Financial dropped their FY2025 earnings per share estimates for shares of Torex Gold Resources in a research note issued to investors on Wednesday, June 4th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $4.36 for the year, down from their prior estimate of $4.42. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share. National Bank Financial also issued estimates for Torex Gold Resources' FY2026 earnings at $5.42 EPS and FY2027 earnings at $4.72 EPS.

Several other analysts have also recently commented on TXG. TD Securities lifted their price target on Torex Gold Resources from C$39.00 to C$57.00 in a report on Tuesday, April 15th. Raymond James increased their price objective on shares of Torex Gold Resources from C$34.00 to C$47.00 in a research report on Friday, April 4th. Cormark increased their price objective on shares of Torex Gold Resources from C$46.00 to C$55.00 in a research report on Monday, April 14th. BMO Capital Markets increased their price objective on shares of Torex Gold Resources from C$44.00 to C$56.00 in a research report on Friday, May 2nd. Finally, Desjardins set a C$60.00 price objective on shares of Torex Gold Resources and gave the stock a "buy" rating in a research report on Thursday, June 5th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$54.50.

Torex Gold Resources Price Performance

Torex Gold Resources stock traded up C$1.00 during midday trading on Monday, reaching C$45.75. 264,970 shares of the company were exchanged, compared to its average volume of 326,798. The company has a market capitalization of C$2.77 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 0.02 and a beta of 1.34. The firm's 50-day simple moving average is C$43.66 and its 200-day simple moving average is C$35.77. Torex Gold Resources has a 1 year low of C$19.01 and a 1 year high of C$49.07. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00.

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.