Cormark Expects Increased Earnings for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Equities research analysts at Cormark raised their Q1 2025 earnings per share (EPS) estimates for shares of Torex Gold Resources in a research note issued on Monday, April 14th. Cormark analyst R. Gray now expects that the company will post earnings of $0.41 per share for the quarter, up from their prior estimate of $0.36. 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 $1.15 EPS.

Several other research analysts have also recently weighed in on the stock. Cibc World Mkts upgraded shares of Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. BMO Capital Markets lifted their price objective on shares of Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. TD Securities raised their price target on Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday. CIBC upgraded Torex Gold Resources from a "neutral" rating to an "outperform" rating and increased their price objective for the company from C$42.00 to C$58.00 in a research report on Monday, April 14th. Finally, Royal Bank of Canada upped their target price on Torex Gold Resources from C$44.00 to C$45.00 in a research note on Friday, April 4th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Torex Gold Resources currently has a consensus rating of "Buy" and an average target price of C$45.19.

Torex Gold Resources Price Performance

Shares of TXG stock traded down C$1.00 during trading hours on Wednesday, reaching C$47.24. The stock had a trading volume of 508,335 shares, compared to its average volume of 326,368. Torex Gold Resources has a 12 month low of C$18.79 and a 12 month high of C$48.59. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The firm has a market capitalization of C$2.86 billion, a PE ratio of 25.40, a PEG ratio of 0.02 and a beta of 1.34. The stock's fifty day simple moving average is C$36.47 and its 200 day simple moving average is C$31.63.

Insider Buying and Selling

In other news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the 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 transaction of C$162,898.31. Also, Director Caroline Donally acquired 1,000 shares of the stock in a transaction on Monday, January 20th. The shares were acquired at an average price of C$27.91 per share, with a total value of C$27,908.00. 0.35% of the stock is owned by 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.