FY2025 EPS Estimate for Torex Gold Resources Cut by Analyst

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Research analysts at Scotiabank cut their FY2025 earnings per share (EPS) estimates for Torex Gold Resources in a report released on Tuesday, July 15th. Scotiabank analyst E. Winmill now expects that the company will post earnings of $2.54 per share for the year, down from their prior estimate of $2.82. Scotiabank has a "Outperform" rating and a $50.00 price objective on the stock. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share. Scotiabank also issued estimates for Torex Gold Resources' FY2026 earnings at $3.81 EPS.

Several other equities analysts also recently weighed in on the company. TD Securities increased their target price on Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday, April 15th. CIBC upgraded Torex Gold Resources from a "neutral" rating to an "outperform" rating and increased their target price for the stock from C$42.00 to C$58.00 in a research report on Monday, April 14th. BMO Capital Markets upped their price target on Torex Gold Resources from C$44.00 to C$56.00 in a research note on Friday, May 2nd. Raymond James Financial upped their price target on Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. Finally, Cibc World Mkts upgraded Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$55.00.

Torex Gold Resources Price Performance

Shares of TSE:TXG traded up C$0.33 on Friday, hitting C$42.82. The company had a trading volume of 249,942 shares, compared to its average volume of 316,571. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. Torex Gold Resources has a 52-week low of C$19.01 and a 52-week high of C$49.25. The business has a 50 day moving average of C$44.11 and a 200 day moving average of C$38.57. The company has a market cap of C$2.60 billion, a PE ratio of 23.02, a PEG ratio of 0.02 and a beta of 1.34.

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.