
Torex Gold Resources Inc. (TSE:TXG - Free Report) - Equities researchers at Scotiabank decreased their FY2025 EPS estimates for Torex Gold Resources in a research report issued to clients and investors on Tuesday, July 15th. Scotiabank analyst E. Winmill now expects that the company will earn $2.54 per share for the year, down from their previous estimate of $2.82. Scotiabank has a "Outperform" rating and a $50.00 price target 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 analysts have also issued reports on TXG. BMO Capital Markets upped their target price on Torex Gold Resources from C$44.00 to C$56.00 in a research note on Friday, May 2nd. Desjardins set a C$60.00 price objective on Torex Gold Resources and gave the company a "buy" rating in a research note on Thursday, June 5th. Raymond James Financial increased their price objective on Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. Cibc World Mkts raised Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Finally, National Bankshares set a C$70.00 price objective on Torex Gold Resources and gave the company an "outperform" rating in a research note on Thursday, June 5th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$55.00.
Check Out Our Latest Analysis on Torex Gold Resources
Torex Gold Resources Stock Up 3.0%
TXG traded up C$1.30 during mid-day trading on Friday, reaching C$44.12. 244,624 shares of the stock were exchanged, compared to its average volume of 316,054. The company has a 50 day moving average price of C$44.11 and a two-hundred day moving average price of C$38.71. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. The stock has a market capitalization of C$2.68 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 1 year low of C$19.01 and a 1 year high of C$49.25.
About Torex Gold Resources
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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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