Torex Gold Resources Inc. (TSE:TXG - Free Report) - Equities researchers at Cormark boosted their FY2024 earnings per share (EPS) estimates for Torex Gold Resources in a report issued on Monday, November 4th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $3.34 for the year, up from their previous forecast of $2.60. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share. Cormark also issued estimates for Torex Gold Resources' Q4 2024 earnings at $1.04 EPS, FY2025 earnings at $4.28 EPS, FY2026 earnings at $3.96 EPS and FY2027 earnings at $4.57 EPS.
Torex Gold Resources (TSE:TXG - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported C$0.82 EPS for the quarter, beating analysts' consensus estimates of C$0.70 by C$0.12. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. The business had revenue of C$369.83 million during the quarter.
TXG has been the subject of a number of other research reports. National Bankshares raised Torex Gold Resources from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from C$31.25 to C$37.75 in a research note on Thursday, October 10th. CIBC increased their target price on shares of Torex Gold Resources from C$23.00 to C$26.00 in a research note on Wednesday, July 10th. TD Securities raised their price objective on Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Royal Bank of Canada boosted their price target on shares of Torex Gold Resources from C$32.00 to C$34.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Finally, Canaccord Genuity Group raised their price objective on Torex Gold Resources from C$30.50 to C$32.00 in a research report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$31.86.
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Torex Gold Resources Stock Performance
Shares of TXG stock traded down C$0.82 during trading hours on Wednesday, reaching C$28.63. 312,682 shares of the company traded hands, compared to its average volume of 261,829. The firm has a 50-day moving average price of C$27.23 and a 200 day moving average price of C$23.39. The company has a market cap of C$2.46 billion, a P/E ratio of 17.36, a P/E/G ratio of 0.02 and a beta of 1.34. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.09 and a quick ratio of 2.12. Torex Gold Resources has a 12-month low of C$12.40 and a 12-month high of C$32.10.
Torex Gold Resources Company Profile
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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.
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