Torex Gold Resources Inc. (TSE:TXG) to Post Q3 2024 Earnings of $0.72 Per Share, Cormark Forecasts

Torex Gold Resources Inc. (TSE:TXG) – Analysts at Cormark dropped their Q3 2024 earnings estimates for Torex Gold Resources in a report issued on Thursday, July 11th. Cormark analyst R. Gray now expects that the company will earn $0.72 per share for the quarter, down from their prior forecast of $0.82. The consensus estimate for Torex Gold Resources’ current full-year earnings is $2.59 per share. Cormark also issued estimates for Torex Gold Resources’ Q4 2024 earnings at $0.27 EPS.

Torex Gold Resources (TSE:TXG) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.57 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.52 by C$0.05. Torex Gold Resources had a net margin of 20.14% and a return on equity of 12.37%. The company had revenue of C$318.84 million for the quarter.

A number of other equities analysts have also weighed in on the stock. National Bankshares upped their target price on shares of Torex Gold Resources from C$27.00 to C$27.50 and gave the stock a “sector perform” rating in a research report on Monday, June 10th. Raymond James set a C$27.00 price objective on shares of Torex Gold Resources and gave the company an “outperform” rating in a research report on Friday, June 7th. Canaccord Genuity Group increased their price objective on shares of Torex Gold Resources from C$26.25 to C$28.50 in a research report on Tuesday, April 23rd. CIBC increased their price objective on shares of Torex Gold Resources from C$23.00 to C$26.00 in a research report on Wednesday. Finally, Scotiabank increased their price objective on shares of Torex Gold Resources from C$23.00 to C$25.00 in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Torex Gold Resources has an average rating of “Moderate Buy” and an average target price of C$26.13.

Torex Gold Resources Stock Up 2.4 %

Shares of TXG stock opened at C$23.16 on Friday. Torex Gold Resources has a 12 month low of C$12.40 and a 12 month high of C$23.56. The stock has a market cap of C$1.99 billion, a P/E ratio of 8.30, a P/E/G ratio of 0.02 and a beta of 1.33. The company has a current ratio of 1.07, a quick ratio of 2.12 and a debt-to-equity ratio of 2.86. The company has a 50 day simple moving average of C$21.03 and a two-hundred day simple moving average of C$18.01.

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.