Cormark Has Bearish Estimate for TSE:TXG FY2024 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Stock analysts at Cormark dropped their FY2024 EPS estimates for shares of Torex Gold Resources in a note issued to investors on Thursday, January 16th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $3.34 for the year, down from their prior estimate of $3.35. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Cormark also issued estimates for Torex Gold Resources’ Q1 2025 earnings at $0.45 EPS, Q2 2025 earnings at $1.12 EPS and FY2027 earnings at $4.59 EPS.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. The company had revenue of C$427.96 million during the quarter. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%.

A number of other research firms have also commented on TXG. National Bank Financial raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Scotiabank lifted their target price on shares of Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Royal Bank of Canada upped their price target on shares of Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. Raymond James raised their price target on Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. Finally, National Bankshares raised Torex Gold Resources from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$31.25 to C$37.75 in a research report on Thursday, October 10th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$34.81.

Torex Gold Resources Stock Up 4.0 %

TXG opened at C$29.28 on Monday. The firm has a market cap of C$2.52 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09. The business has a 50 day moving average price of C$28.68 and a 200 day moving average price of C$26.46. Torex Gold Resources has a twelve month low of C$12.79 and a twelve month high of C$32.75.

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.