Torex Gold Resources Inc. (TSE:TXG - Free Report) - Stock analysts at Cormark raised their FY2025 earnings per share estimates for shares of Torex Gold Resources in a research report issued on Monday, April 14th. Cormark analyst R. Gray now forecasts that the company will earn $3.66 per share for the year, up from their prior estimate of $3.63. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.
Other research analysts have also issued reports about the company. TD Securities upped their target price on Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday. Raymond James raised their price objective on shares of Torex Gold Resources from C$34.00 to C$47.00 in a research report on Friday, April 4th. Cibc World Mkts raised shares of Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research report on Monday. Royal Bank of Canada increased their price target on shares of Torex Gold Resources from C$44.00 to C$45.00 in a research note on Friday, April 4th. Finally, CIBC raised shares of Torex Gold Resources from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from C$42.00 to C$58.00 in a research note on Monday. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Torex Gold Resources presently has a consensus rating of "Buy" and a consensus target price of C$45.19.
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Torex Gold Resources Stock Down 2.1 %
Shares of TXG traded down C$1.00 during trading hours on Tuesday, reaching C$47.24. The company's stock had a trading volume of 508,335 shares, compared to its average volume of 326,368. The company has a 50 day moving average of C$36.47 and a two-hundred day moving average of C$31.63. 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 firm has a market cap of C$2.86 billion, a price-to-earnings ratio of 25.40, a P/E/G 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$48.59.
Insider Buying and Selling
In other Torex Gold Resources news, 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. Also, Director Caroline Donally purchased 1,000 shares of the firm's stock in a transaction dated Monday, January 20th. The shares were acquired at an average cost of C$27.91 per share, with a total value of C$27,908.00. 0.35% of the stock is owned by company insiders.
About Torex Gold Resources
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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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