Brokers Issue Forecasts for TSE:TXG Q1 Earnings

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Stock analysts at National Bank Financial issued their Q1 2025 earnings per share (EPS) estimates for Torex Gold Resources in a research report issued to clients and investors on Tuesday, April 22nd. National Bank Financial analyst D. Demarco expects that the company will post earnings per share of $0.31 for the quarter. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share. National Bank Financial also issued estimates for Torex Gold Resources' FY2025 earnings at $4.14 EPS and FY2026 earnings at $5.49 EPS.

Several other analysts have also commented on TXG. Royal Bank of Canada raised their target price on Torex Gold Resources from C$44.00 to C$45.00 in a report on Friday, April 4th. Cormark raised their target price on Torex Gold Resources from C$46.00 to C$55.00 in a report on Monday, April 14th. TD Securities raised their target price on Torex Gold Resources from C$39.00 to C$57.00 in a report on Tuesday, April 15th. Cibc World Mkts raised Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, Desjardins reissued a "buy" rating on shares of Torex Gold Resources in a report on Thursday. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$45.19.

Torex Gold Resources Stock Performance

Shares of TSE:TXG traded down C$0.68 during trading on Friday, hitting C$44.21. The stock had a trading volume of 374,826 shares, compared to its average volume of 339,476. Torex Gold Resources has a 12-month low of C$18.79 and a 12-month high of C$49.07. The stock has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. The stock has a 50-day simple moving average of C$37.88 and a two-hundred day simple moving average of C$32.52.

Torex Gold Resources Company Profile

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.