National Bank Financial Comments on TSE:TXG FY2024 Earnings

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Analysts at National Bank Financial lifted their FY2024 earnings estimates for shares of Torex Gold Resources in a report released on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $2.58 for the year, up from their prior forecast of $2.49. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.

A number of other equities analysts have also weighed in on TXG. Cormark lifted their price target on shares of Torex Gold Resources from C$30.00 to C$33.00 in a report on Friday, September 6th. Canaccord Genuity Group lifted their target price on shares of Torex Gold Resources from C$30.50 to C$32.00 in a report on Tuesday, July 23rd. Scotiabank lifted their target price on shares of Torex Gold Resources from C$27.00 to C$29.00 in a report on Friday, September 6th. Royal Bank of Canada lifted their target price on shares of Torex Gold Resources from C$32.00 to C$34.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Finally, CIBC lifted their target price on shares of Torex Gold Resources from C$23.00 to C$26.00 in a report on Wednesday, July 10th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Torex Gold Resources currently has a consensus rating of "Buy" and an average price target of C$31.86.

Torex Gold Resources Trading Up 0.5 %

Shares of TXG traded up C$0.15 during mid-day trading on Thursday, reaching C$30.95. The company had a trading volume of 202,099 shares, compared to its average volume of 262,654. The stock has a market cap of C$2.66 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The firm has a fifty day simple moving average of C$26.45 and a 200-day simple moving average of C$22.83. Torex Gold Resources has a fifty-two week low of C$12.40 and a fifty-two week high of C$32.10. The company has a current ratio of 1.09, a quick ratio of 2.12 and a debt-to-equity ratio of 7.32.

Torex Gold Resources (TSE:TXG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.82 earnings per share for the quarter, beating analysts' consensus estimates of C$0.70 by C$0.12. The company had revenue of C$369.83 million for the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%.

About Torex Gold Resources

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.