Torex Gold Resources Inc. (TSE:TXG - Free Report) - Stock analysts at Scotiabank decreased their FY2025 earnings estimates for Torex Gold Resources in a report released on Monday, June 9th. Scotiabank analyst E. Winmill now forecasts that the company will earn $2.82 per share for the year, down from their prior estimate of $2.94. 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 $3.87 EPS.
TXG has been the subject of a number of other research reports. Desjardins set a C$60.00 target price on shares of Torex Gold Resources and gave the stock a "buy" rating in a report on Thursday, June 5th. Royal Bank of Canada upped their target price on shares of Torex Gold Resources from C$60.00 to C$65.00 in a report on Thursday. National Bankshares set a C$70.00 price objective on shares of Torex Gold Resources and gave the company an "outperform" rating in a report on Thursday, June 5th. CIBC raised shares of Torex Gold Resources from a "neutral" rating to an "outperform" rating and upped their price objective for the company from C$42.00 to C$58.00 in a report on Monday, April 14th. Finally, Raymond James upped their price objective on shares of Torex Gold Resources from C$34.00 to C$47.00 in a report on Friday, April 4th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$55.00.
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Torex Gold Resources Price Performance
Shares of Torex Gold Resources stock traded up C$0.04 during trading hours on Thursday, reaching C$48.33. 399,228 shares of the company's stock were exchanged, compared to its average volume of 327,865. Torex Gold Resources has a 1 year low of C$19.01 and a 1 year high of C$49.25. The company has a market capitalization of C$2.93 billion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The business has a fifty day moving average of C$44.15 and a two-hundred day moving average of C$35.99. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09.
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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