Raymond James Brokers Reduce Earnings Estimates for TSE:TXG

Torex Gold Resources Inc. (TSE:TXG) – Investment analysts at Raymond James reduced their Q2 2025 EPS estimates for Torex Gold Resources in a research report issued to clients and investors on Monday, January 6th. Raymond James analyst C. Stanley now anticipates that the company will earn $0.80 per share for the quarter, down from their previous estimate of $0.88. 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’ FY2025 earnings at $3.48 EPS.

Torex Gold Resources (TSE:TXG) last issued its earnings results 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. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. The business had revenue of C$427.96 million during the quarter.

Several other research analysts have also recently weighed in on TXG. Scotiabank increased their price target on shares of Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Royal Bank of Canada increased their target price on Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. CIBC boosted their price target on Torex Gold Resources from C$33.00 to C$34.50 in a research note on Monday, December 2nd. TD Securities increased their price objective on Torex Gold Resources from C$34.00 to C$38.00 in a research report on Friday, October 18th. Finally, National Bank Financial raised Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$34.81.

Torex Gold Resources Stock Performance

TSE TXG opened at C$29.10 on Wednesday. The stock has a market cap of C$2.50 billion, a PE ratio of 17.53, a P/E/G ratio of 0.02 and a beta of 1.34. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09. The firm has a 50-day moving average of C$28.84 and a 200-day moving average of C$26.04. Torex Gold Resources has a 52-week low of C$12.79 and a 52-week high of C$32.75.

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.