FY2024 EPS Estimates for TSE:TXG Boosted by Analyst

Torex Gold Resources Inc. (TSE:TXG) – Analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Torex Gold Resources in a report issued on Monday, November 18th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $3.34 per share for the year, up from their previous forecast of $2.58. National Bank Financial has a “Strong-Buy” rating on the stock. 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 $0.85 EPS, FY2025 earnings at $3.53 EPS, FY2026 earnings at $4.50 EPS and FY2027 earnings at $4.21 EPS.

Several other equities analysts have also commented on TXG. National Bankshares raised Torex Gold Resources from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$31.25 to C$37.75 in a report on Thursday, October 10th. Cormark upped their target price on Torex Gold Resources from C$30.00 to C$33.00 in a report on Friday, September 6th. BMO Capital Markets upped their target price on Torex Gold Resources from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Scotiabank boosted their price objective on Torex Gold Resources from C$33.00 to C$37.00 in a research report on Thursday. Finally, TD Securities boosted their price objective on Torex Gold Resources from C$34.00 to C$38.00 in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Torex Gold Resources has a consensus rating of “Buy” and a consensus target price of C$32.75.

Torex Gold Resources Stock Up 4.4 %

TSE:TXG opened at C$31.17 on Thursday. The firm has a market capitalization of C$2.68 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The stock has a 50 day moving average of C$28.10 and a 200-day moving average of C$24.16. Torex Gold Resources has a 52 week low of C$12.77 and a 52 week high of C$32.10. The company has a current ratio of 1.09, a quick ratio of 2.12 and a debt-to-equity ratio of 7.32.

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

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.