Brokers Offer Predictions for TSE:TXG FY2024 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Equities researchers at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Torex Gold Resources in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $3.52 for the year, up from their previous forecast of $3.34. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. National Bank Financial also issued estimates for Torex Gold Resources’ Q4 2024 earnings at $0.96 EPS.

TXG has been the subject of several other research reports. CIBC raised their target price on Torex Gold Resources from C$33.00 to C$34.50 in a research report on Monday, December 2nd. Royal Bank of Canada increased their price objective on Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. Raymond James increased their price objective on Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. Scotiabank increased their price objective on Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Finally, TD Securities increased their price objective on 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 presently has a consensus rating of “Buy” and an average price target of C$34.81.

Torex Gold Resources Stock Performance

Shares of Torex Gold Resources stock opened at C$34.35 on Wednesday. The stock has a market cap of C$2.08 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The business has a fifty day simple moving average of C$29.44 and a 200-day simple moving average of C$27.57. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. Torex Gold Resources has a 12 month low of C$12.93 and a 12 month high of C$34.62.

Insider Buying and Selling at Torex Gold Resources

In other news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31. Also, Director Caroline Donally acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 20th. The shares were acquired at an average cost of C$27.91 per share, with a total value of C$27,908.00. Corporate insiders own 0.35% of the company’s stock.

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.