Cormark Lifts Earnings Estimates for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Research analysts at Cormark lifted their FY2025 EPS estimates for shares of Torex Gold Resources in a report issued on Monday, March 24th. Cormark analyst R. Gray now forecasts that the company will earn $3.63 per share for the year, up from their prior estimate of $3.61. 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 2025 earnings at $1.16 EPS.

TXG has been the subject of a number of other research reports. CIBC increased their target price on Torex Gold Resources from C$36.00 to C$42.00 in a research note on Friday, February 21st. Raymond James increased their price objective on shares of Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. Royal Bank of Canada lifted their price objective on shares of Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. Finally, BMO Capital Markets upped their target price on shares of Torex Gold Resources from C$36.00 to C$38.00 in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$36.53.

Torex Gold Resources Stock Up 0.0 %

TSE:TXG traded up C$0.01 during mid-day trading on Wednesday, hitting C$38.40. The company had a trading volume of 374,010 shares, compared to its average volume of 294,323. The business has a fifty day simple moving average of C$33.14 and a 200-day simple moving average of C$29.94. The firm has a market capitalization of C$2.33 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 1 year low of C$18.79 and a 1 year high of C$39.47. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09.

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Insider Buying and Selling

In other news, Director Caroline Donally purchased 1,000 shares of the company's stock in a transaction on Monday, January 20th. The shares were bought at an average price of C$27.91 per share, for a total transaction of C$27,908.00. Also, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31. 0.35% of the stock is currently owned by company 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.