Research Analysts Set Expectations for TSE:TXG Q3 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Raymond James reduced their Q3 2024 earnings estimates for shares of Torex Gold Resources in a note issued to investors on Monday, October 28th. Raymond James analyst C. Stanley now forecasts that the company will earn $0.81 per share for the quarter, down from their prior forecast of $0.86. 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 $0.29 EPS, Q1 2025 earnings at $0.81 EPS, Q2 2025 earnings at $0.88 EPS, Q3 2025 earnings at $0.95 EPS, Q4 2025 earnings at $1.09 EPS and FY2025 earnings at $3.74 EPS.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.70 by C$0.12. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The business had revenue of C$369.83 million for the quarter.

TXG has been the subject of a number of other research reports. Scotiabank upped their price objective on shares of Torex Gold Resources from C$27.00 to C$29.00 in a report on Friday, September 6th. TD Securities upped 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 lifted their price target on Torex Gold Resources from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. CIBC increased their price objective on Torex Gold Resources from C$23.00 to C$26.00 in a research note on Wednesday, July 10th. Finally, Canaccord Genuity Group lifted their target price on Torex Gold Resources from C$30.50 to C$32.00 in a research report on Tuesday, July 23rd. Five 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 company currently has an average rating of “Buy” and an average target price of C$31.86.

Torex Gold Resources Price Performance

Shares of TSE:TXG opened at C$30.03 on Thursday. Torex Gold Resources has a twelve month low of C$12.40 and a twelve month high of C$32.10. The stock’s 50 day moving average is C$26.95 and its 200-day moving average is C$23.11. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. The firm has a market capitalization of C$2.58 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 0.02 and a beta of 1.34.

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.