Torex Gold Resources Inc. (TSE:TXG - Free Report) - Research analysts at Raymond James cut their FY2024 earnings per share (EPS) estimates for shares of Torex Gold Resources in a report released on Monday, October 28th. Raymond James analyst C. Stanley now forecasts that the company will earn $1.82 per share for the year, down from their previous estimate of $1.89. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.
Torex Gold Resources (TSE:TXG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.70 by C$0.12. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The business had revenue of C$369.83 million for the quarter.
Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets increased their price objective on Torex Gold Resources from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. CIBC raised their target price on Torex Gold Resources from C$23.00 to C$26.00 in a research note on Wednesday, July 10th. TD Securities raised their target price on Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th. National Bank Financial upgraded Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Finally, Cormark raised their target price on Torex Gold Resources from C$30.00 to C$33.00 in a research note on Friday, September 6th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$31.86.
Read Our Latest Analysis on TXG
Torex Gold Resources Trading Down 0.2 %
TSE TXG traded down C$0.06 on Wednesday, hitting C$30.24. The company's stock had a trading volume of 255,872 shares, compared to its average volume of 261,766. Torex Gold Resources has a 52-week low of C$12.40 and a 52-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. The company's 50-day simple moving average is C$26.84 and its 200 day simple moving average is C$23.04. The firm has a market cap of C$2.60 billion, a P/E ratio of 18.25, a PEG ratio of 0.02 and a beta of 1.34.
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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