Q1 2024 Earnings Estimate for Torex Gold Resources Inc. (TSE:TXG) Issued By Cormark

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Research analysts at Cormark reduced their Q1 2024 earnings per share estimates for Torex Gold Resources in a report issued on Monday, April 22nd. Cormark analyst R. Gray now expects that the company will earn $0.52 per share for the quarter, down from their prior forecast of $0.66. The consensus estimate for Torex Gold Resources' current full-year earnings is $2.01 per share.

Several other research firms also recently weighed in on TXG. CIBC boosted their target price on Torex Gold Resources from C$21.00 to C$23.00 in a report on Monday, April 15th. Canaccord Genuity Group lifted their price target on Torex Gold Resources from C$26.25 to C$28.50 in a research report on Tuesday. Finally, National Bankshares increased their price objective on Torex Gold Resources from C$25.00 to C$25.25 in a report on Friday, April 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Torex Gold Resources has a consensus rating of "Moderate Buy" and an average target price of C$25.16.

Torex Gold Resources Stock Performance

TSE TXG traded down C$0.15 during trading hours on Wednesday, hitting C$19.45. The company had a trading volume of 165,499 shares, compared to its average volume of 261,148. The business has a 50 day moving average of C$17.58 and a 200-day moving average of C$15.28. The company has a market cap of C$1.67 billion, a PE ratio of 6.12, a price-to-earnings-growth ratio of 0.02 and a beta of 1.18. Torex Gold Resources has a 1-year low of C$12.40 and a 1-year high of C$25.40. The company has a debt-to-equity ratio of 2.14, a quick ratio of 2.12 and a current ratio of 1.44.

Torex Gold Resources (TSE:TXG - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported C$0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.98 by C($0.21). Torex Gold Resources had a net margin of 23.16% and a return on equity of 14.68%. The company had revenue of C$384.49 million during the quarter.

Insiders Place Their Bets

In related news, Director Rodrigo Sandoval Navarro bought 5,000 shares of the company's stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of C$9.97 per share, with a total value of C$49,843.00. 0.22% of the stock is owned by insiders.

Torex Gold Resources Company Profile

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.