Torex Gold Resources Inc. (TSE:TXG – Free Report) – Investment analysts at Raymond James cut their FY2024 earnings per share estimates for Torex Gold Resources in a research note issued on Wednesday, January 15th. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of $2.15 for the year, down from their previous estimate of $2.27. 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 $0.89 EPS, Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.96 EPS, Q4 2025 earnings at $1.45 EPS and FY2025 earnings at $4.12 EPS.
TXG has been the subject of a number of other research reports. National Bank Financial raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. CIBC increased their price target on Torex Gold Resources from C$33.00 to C$34.50 in a report on Monday, December 2nd. Scotiabank boosted their price objective on Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st. 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. Finally, Royal Bank of Canada boosted their price target on shares of Torex Gold Resources from C$34.00 to C$37.00 in a research report on Friday, December 6th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$34.81.
Torex Gold Resources Stock Performance
Shares of TXG stock opened at C$29.28 on Monday. Torex Gold Resources has a 12-month low of C$12.79 and a 12-month high of C$32.75. The company has a market capitalization of C$2.52 billion, a P/E ratio of 17.64, a P/E/G ratio of 0.02 and a beta of 1.34. 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 business’s 50 day moving average is C$28.68 and its two-hundred day moving average is C$26.46.
Torex Gold Resources (TSE:TXG – Get Free Report) last issued its quarterly earnings data 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. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. The business had revenue of C$427.96 million during the quarter.
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.
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