Torex Gold Resources (TXG) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Torex Gold Resources in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" TXG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TXG, but not buy additional shares or sell existing shares.
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3 analysts have issued 12 month price targets for Torex Gold Resources' shares. Their TXG share price forecasts range from C$19.00 to C$27.00. On average, they anticipate the company's stock price to reach C$23.36 in the next twelve months. This suggests a possible upside of 56.1% from the stock's current price.
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Torex Gold Resources' stock was trading at C$15.55 on January 1st, 2023. Since then, TXG stock has decreased by 3.8% and is now trading at C$14.96.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
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Torex Gold Resources Inc. (TSE:TXG) issued its earnings results on Wednesday, August, 2nd. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. The company had revenue of $283.83 million for the quarter. Torex Gold Resources had a trailing twelve-month return on equity of 16.78% and a net margin of 25.64%.

Based on aggregate information from My MarketBeat watchlists, some companies that other Torex Gold Resources investors own include Barrick Gold (GOLD), Detour Gold (DGC), Kinross Gold (K), Tourmaline Oil (TOU), B2Gold (BTO), Eldorado Gold (ELD), First Quantum Minerals (FM), Aurora Cannabis (ACB), Franco-Nevada (FNV) and

Torex Gold Resources trades on the Toronto Stock Exchange (TSX) under the ticker symbol "TXG."

Shares of TXG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of TXG stock can currently be purchased for approximately C$14.96.

Torex Gold Resources (TSE:TXG) has a market capitalization of C$1.28 billion and generates C$865.90 million in revenue each year. The company earns C$222 million in net income (profit) each year or C$3.59 on an earnings per share basis.

The company employs 852 workers across the globe.

Torex Gold Resources' mailing address is 145 King St W Suite 1502, TORONTO, ON M5H 1J8, Canada. The official website for the company is www.torexgold.com. The company can be reached via phone at +1-647-2601505.