Raymond James Issues Negative Estimate for TSE:TXG Earnings

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Equities researchers at Raymond James reduced their Q3 2024 EPS estimates for Torex Gold Resources in a research note issued on Monday, October 28th. Raymond James analyst C. Stanley now anticipates that the company will earn $0.81 per share for the quarter, down from their previous forecast of $0.86. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share. Raymond James also issued estimates for Torex Gold Resources' Q4 2024 earnings at $0.29 EPS, Q1 2025 earnings at $0.81 EPS, Q2 2025 earnings at $0.88 EPS, Q3 2025 earnings at $0.95 EPS, Q4 2025 earnings at $1.09 EPS and FY2025 earnings at $3.74 EPS.

TXG has been the subject of several other research reports. National Bank Financial upgraded Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. CIBC raised their price objective on shares of Torex Gold Resources from C$23.00 to C$26.00 in a report on Wednesday, July 10th. National Bankshares raised Torex Gold Resources from a "sector perform" rating to an "outperform" rating and raised their price target for the company from C$31.25 to C$37.75 in a report on Thursday, October 10th. BMO Capital Markets boosted 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. Finally, 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 research report on Tuesday, September 10th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Torex Gold Resources presently has a consensus rating of "Buy" and a consensus target price of C$31.86.

Torex Gold Resources Stock Performance

TXG traded down C$0.21 during trading on Thursday, hitting C$30.03. 339,815 shares of the company traded hands, compared to its average volume of 262,136. The firm has a market cap of C$2.58 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. 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 one year low of C$12.40 and a one year high of C$32.10. The stock's fifty day moving average is C$26.95 and its 200 day moving average is C$23.11.

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

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.