What is Raymond James’ Forecast for TSE:TXG FY2024 Earnings?

Torex Gold Resources Inc. (TSE:TXG) – Investment analysts at Raymond James decreased their FY2024 earnings estimates for shares of Torex Gold Resources in a research note issued to investors on Wednesday, January 15th. Raymond James analyst C. Stanley now anticipates that the company will earn $2.15 per share for the year, down from their prior forecast 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.

Several other research analysts have also recently weighed in on TXG. Scotiabank increased their price target on shares of Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. National Bankshares raised shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$31.25 to C$37.75 in a report on Thursday, October 10th. TD Securities raised their target price on shares of Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Royal Bank of Canada raised their target price on shares of Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. Finally, National Bank Financial raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$34.81.

Torex Gold Resources Stock Up 0.9 %

Torex Gold Resources stock opened at C$27.97 on Monday. The stock has a market cap of C$2.40 billion, a P/E ratio of 16.85, a P/E/G ratio of 0.02 and a beta of 1.34. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. Torex Gold Resources has a twelve month low of C$12.79 and a twelve month high of C$32.75. The company’s 50-day moving average price is C$28.69 and its two-hundred day moving average price is C$26.43.

Torex Gold Resources (TSE:TXG) last issued its earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.20. The company had revenue of C$427.96 million for the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%.

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.