FY2024 Earnings Estimate for TSE:TXG Issued By Raymond James

Torex Gold Resources Inc. (TSE:TXG) – Equities researchers at Raymond James raised their FY2024 EPS estimates for Torex Gold Resources in a report released on Monday, January 6th. Raymond James analyst C. Stanley now anticipates that the company will post earnings of $2.27 per share for the year, up from their prior estimate of $1.82. 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 $1.02 EPS, Q1 2025 earnings at $0.42 EPS, Q3 2025 earnings at $1.06 EPS and Q4 2025 earnings at $1.19 EPS.

TXG has been the subject of a number of other reports. Scotiabank boosted their target price on shares of Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st. National Bankshares raised Torex Gold Resources from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$31.25 to C$37.75 in a report on Thursday, October 10th. Royal Bank of Canada lifted their target price on Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. National Bank Financial raised Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, TD Securities raised their price target on Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$34.81.

Torex Gold Resources Stock Up 0.2 %

Shares of TSE TXG opened at C$29.10 on Thursday. Torex Gold Resources has a 12-month low of C$12.79 and a 12-month high of C$32.75. The firm’s 50-day simple moving average is C$28.84 and its 200 day simple moving average is C$26.04. 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 company has a market cap of C$2.50 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34.

Torex Gold Resources (TSE:TXG) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) 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.