Raymond James Forecasts Strong Price Appreciation for Torex Gold Resources (TSE:TXG) Stock

Torex Gold Resources (TSE:TXG) had its price objective lifted by equities researchers at Raymond James from C$33.00 to C$34.00 in a research note issued on Tuesday,BayStreet.CA reports. Raymond James’ target price would indicate a potential upside of 17.08% from the stock’s current price. Raymond James also issued estimates for Torex Gold Resources’ Q2 2025 earnings at $0.80 EPS and FY2025 earnings at $3.48 EPS.

Several other equities research analysts have also recently issued reports on TXG. Scotiabank raised their target price on Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st. 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. CIBC lifted their price objective on shares of Torex Gold Resources from C$33.00 to C$34.50 in a report on Monday, December 2nd. TD Securities increased their target price on shares of Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Finally, National Bankshares upgraded shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$31.25 to C$37.75 in a research note on Thursday, October 10th. Four equities 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 a consensus rating of “Buy” and an average target price of C$34.81.

Torex Gold Resources Trading Up 2.9 %

Shares of TSE:TXG opened at C$29.04 on Tuesday. The business’s 50 day moving average price is C$28.86 and its 200-day moving average price is C$25.98. Torex Gold Resources has a 1 year low of C$12.79 and a 1 year high of C$32.75. The firm has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 17.49, 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 current ratio of 1.09 and a quick ratio of 2.12.

Torex Gold Resources (TSE:TXG) last released its earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) 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. On average, equities research analysts forecast that Torex Gold Resources will post 3.6254502 earnings per share for the current fiscal year.

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.