FY2025 Earnings Forecast for TSE:TXG Issued By Desjardins

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Equities research analysts at Desjardins issued their FY2025 earnings estimates for Torex Gold Resources in a note issued to investors on Wednesday, April 23rd. Desjardins analyst A. Carson anticipates that the company will post earnings of $2.85 per share for the year. Desjardins has a "Buy" rating on the stock. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share. Desjardins also issued estimates for Torex Gold Resources' FY2026 earnings at $3.96 EPS.

Several other analysts also recently weighed in on TXG. Cormark boosted their price objective on shares of Torex Gold Resources from C$46.00 to C$55.00 in a research report on Monday, April 14th. TD Securities boosted their price objective on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday, April 15th. CIBC upgraded shares of Torex Gold Resources from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from C$42.00 to C$58.00 in a research report on Monday, April 14th. Royal Bank of Canada boosted their price objective on shares of Torex Gold Resources from C$44.00 to C$45.00 in a research report on Friday, April 4th. Finally, 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. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$45.19.

Torex Gold Resources Stock Down 1.5 %

Shares of TSE:TXG traded down C$0.68 during trading on Friday, hitting C$44.21. 374,826 shares of the company were exchanged, compared to its average volume of 339,476. The stock has a market capitalization of C$2.68 billion, a P/E ratio of 23.77, a PEG ratio of 0.02 and a beta of 1.34. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12. Torex Gold Resources has a 12-month low of C$18.79 and a 12-month high of C$49.07. The firm's 50 day moving average price is C$37.88 and its 200-day moving average price is C$32.52.

About Torex Gold Resources

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.