What is Cormark’s Estimate for TSE:TXG FY2024 Earnings?

Torex Gold Resources Inc. (TSE:TXG) – Stock analysts at Cormark lifted their FY2024 earnings per share (EPS) estimates for shares of Torex Gold Resources in a research note issued to investors on Wednesday, December 4th. Cormark analyst R. Gray now anticipates that the company will earn $3.56 per share for the year, up from their prior estimate of $3.53. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Cormark also issued estimates for Torex Gold Resources’ Q4 2024 earnings at $1.05 EPS.

TXG has been the subject of a number of other reports. Scotiabank raised 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 raised their price target on shares of Torex Gold Resources from C$32.00 to C$34.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. National Bankshares upgraded shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$31.25 to C$37.75 in a report on Thursday, October 10th. CIBC raised their price target on shares of Torex Gold Resources from C$33.00 to C$34.50 in a research report on Monday. Finally, National Bank Financial upgraded shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Torex Gold Resources presently has an average rating of “Buy” and an average price target of C$33.69.

Torex Gold Resources Price Performance

The company’s 50-day moving average price is C$28.89 and its 200 day moving average price is C$24.79. Torex Gold Resources has a one year low of C$12.79 and a one year high of C$32.75. The firm has a market capitalization of C$2.74 billion, a PE ratio of 19.21, a P/E/G ratio of 0.02 and a beta of 1.34. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.09 and a quick ratio of 2.12.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share for the quarter, topping the consensus estimate 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%.

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.