FY2024 Earnings Forecast for TSE:TXG Issued By Raymond James

Torex Gold Resources Inc. (TSE:TXG) – Stock analysts at Raymond James raised their FY2024 earnings per share (EPS) estimates for Torex Gold Resources in a report issued on Monday, January 6th. Raymond James analyst C. Stanley now anticipates that the company will post earnings of $2.27 per share for the year, up from their prior forecast of $1.82. 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 $1.02 EPS, Q1 2025 earnings at $0.42 EPS, Q3 2025 earnings at $1.06 EPS and Q4 2025 earnings at $1.19 EPS.

Torex Gold Resources (TSE:TXG) last posted its 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. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The firm had revenue of C$427.96 million during the quarter.

TXG has been the topic of a number of other reports. National Bankshares upgraded Torex Gold Resources from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$31.25 to C$37.75 in a research note on Thursday, October 10th. CIBC lifted their price target on Torex Gold Resources from C$33.00 to C$34.50 in a research report on Monday, December 2nd. Scotiabank increased their price objective on Torex Gold Resources from C$33.00 to C$37.00 in a research report on Thursday, November 21st. Royal Bank of Canada boosted their target price on shares of Torex Gold Resources from C$34.00 to C$37.00 in a research report on Friday, December 6th. Finally, TD Securities increased their price target on shares of Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Four equities 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, the stock has an average rating of “Buy” and an average target price of C$34.81.

Torex Gold Resources Stock Up 0.2 %

Torex Gold Resources stock opened at C$29.10 on Thursday. 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 has a fifty-two week low of C$12.79 and a fifty-two week high of C$32.75. The firm has a fifty day moving average price of C$28.84 and a two-hundred day moving average price of C$26.04. The firm has a market cap of C$2.50 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 0.02 and a beta of 1.34.

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.