Q4 2024 Earnings Forecast for Torex Gold Resources Inc. (TSE:TXG) Issued By Cormark

Torex Gold Resources Inc. (TSE:TXG) – Cormark lowered their Q4 2024 EPS estimates for Torex Gold Resources in a research note issued on Tuesday, July 2nd. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.31 for the quarter, down from their previous estimate of $0.34. The consensus estimate for Torex Gold Resources’ current full-year earnings is $2.59 per share.

Other research analysts have also issued research reports about the stock. Scotiabank increased their price target on shares of Torex Gold Resources from C$23.00 to C$25.00 in a research report on Thursday, May 23rd. Raymond James set a C$27.00 price objective on shares of Torex Gold Resources and gave the stock an “outperform” rating in a report on Friday, June 7th. CIBC raised their price objective on shares of Torex Gold Resources from C$21.00 to C$23.00 in a report on Monday, April 15th. National Bankshares raised their price objective on shares of Torex Gold Resources from C$27.00 to C$27.50 and gave the stock a “sector perform” rating in a report on Monday, June 10th. Finally, Canaccord Genuity Group raised their price objective on shares of Torex Gold Resources from C$26.25 to C$28.50 in a report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Torex Gold Resources has a consensus rating of “Moderate Buy” and a consensus price target of C$25.75.

Torex Gold Resources Stock Performance

TSE:TXG opened at C$21.86 on Thursday. Torex Gold Resources has a 12-month low of C$12.40 and a 12-month high of C$22.56. The company has a quick ratio of 2.12, a current ratio of 1.07 and a debt-to-equity ratio of 2.86. The firm has a market capitalization of C$1.88 billion, a PE ratio of 7.84, a price-to-earnings-growth ratio of 0.02 and a beta of 1.33. The firm has a 50-day moving average price of C$20.70 and a 200 day moving average price of C$17.71.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.52 by C$0.05. Torex Gold Resources had a net margin of 20.14% and a return on equity of 12.37%. The firm had revenue of C$318.84 million during the quarter.

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.