Scotiabank Has Strong Estimate for TSE:TXG FY2024 Earnings

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Equities researchers at Scotiabank increased their FY2024 EPS estimates for Torex Gold Resources in a note issued to investors on Wednesday, January 8th. Scotiabank analyst E. Winmill now expects that the company will post earnings of $2.43 per share for the year, up from their prior forecast of $2.31. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share. Scotiabank also issued estimates for Torex Gold Resources' FY2025 earnings at $2.21 EPS.

TXG has been the subject of a number of other research reports. TD Securities raised their price objective on Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th. National Bank Financial upgraded shares of Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. National Bankshares upgraded shares of Torex Gold Resources from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$31.25 to C$37.75 in a research note on Thursday, October 10th. CIBC boosted their target price on shares of Torex Gold Resources from C$33.00 to C$34.50 in a research report on Monday, December 2nd. Finally, Raymond James increased their price target on shares of Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$34.81.

Torex Gold Resources Stock Down 1.1 %

Shares of Torex Gold Resources stock traded down C$0.32 during trading hours on Friday, hitting C$28.78. 251,327 shares of the company's stock traded hands, compared to its average volume of 178,910. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. Torex Gold Resources has a twelve month low of C$12.79 and a twelve month high of C$32.75. The stock has a 50 day simple moving average of C$28.84 and a 200-day simple moving average of C$26.04. The company has a market cap of C$2.47 billion, a PE ratio of 17.34, a PEG ratio of 0.02 and a beta of 1.34.

Torex Gold Resources (TSE:TXG - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported C$1.02 EPS for the quarter, topping analysts' consensus estimates of C$0.82 by C$0.20. The business had revenue of C$427.96 million for the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%.

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.