FY2027 Earnings Forecast for TSE:TXG Issued By Desjardins

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Research analysts at Desjardins issued their FY2027 EPS estimates for shares of Torex Gold Resources in a report issued on Wednesday, May 7th. Desjardins analyst A. Carson forecasts that the company will post earnings of $4.79 per share for the year. Desjardins has a "Buy" rating on the stock. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.

Several other research analysts have also recently weighed in on the company. BMO Capital Markets upped their price target on Torex Gold Resources from C$44.00 to C$56.00 in a research report on Friday, May 2nd. CIBC raised shares of Torex Gold Resources from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from C$42.00 to C$58.00 in a research note 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 note on Friday, April 4th. TD Securities lifted their price target on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday, April 15th. Finally, Raymond James lifted their target price on Torex Gold Resources from C$34.00 to C$47.00 in a research report on Friday, April 4th. 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 presently has an average rating of "Buy" and an average target price of C$47.19.

Torex Gold Resources Price Performance

Shares of TSE TXG traded up C$1.10 during midday trading on Monday, hitting C$41.15. The stock had a trading volume of 412,102 shares, compared to its average volume of 337,675. 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 quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. The stock has a 50 day simple moving average of C$40.59 and a 200-day simple moving average of C$33.68. The company has a market capitalization of C$2.50 billion, a PE ratio of 22.12, a P/E/G ratio of 0.02 and a beta of 1.34.

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.