Torex Gold Resources Inc. (TSE:TXG - Free Report) - Analysts at Raymond James increased their FY2024 earnings estimates for Torex Gold Resources in a report issued on Monday, January 6th. Raymond James analyst C. Stanley now expects that the company will post earnings of $2.27 per share for the year, up from their previous forecast of $1.82. 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 $1.02 EPS, Q1 2025 earnings at $0.42 EPS, Q3 2025 earnings at $1.06 EPS and Q4 2025 earnings at $1.19 EPS.
A number of other equities analysts have also recently issued reports on TXG. TD Securities increased their price objective on shares of Torex Gold Resources from C$34.00 to C$38.00 in a research report on Friday, October 18th. CIBC increased their price target on Torex Gold Resources from C$33.00 to C$34.50 in a report on Monday, December 2nd. Royal Bank of Canada boosted their price objective on Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. National Bank Financial upgraded Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Finally, Scotiabank boosted their price target on shares of Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st. Four 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, the stock presently has a consensus rating of "Buy" and a consensus price target of C$34.81.
View Our Latest Stock Report on Torex Gold Resources
Torex Gold Resources Stock Up 0.2 %
TSE TXG traded up C$0.06 on Thursday, hitting C$29.10. 94,750 shares of the company were exchanged, compared to its average volume of 166,841. 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 has a market cap of C$2.50 billion, a PE ratio of 17.53, a PEG ratio of 0.02 and a beta of 1.34. The stock has a fifty day moving average of C$28.84 and a 200-day moving average of C$26.04. Torex Gold Resources has a 12 month low of C$12.79 and a 12 month high of C$32.75.
Torex Gold Resources (TSE:TXG - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.82 by C$0.20. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The company had revenue of C$427.96 million for the quarter.
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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