Equities Analysts Offer Predictions for TSE:TXG Q3 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Stock analysts at National Bank Financial decreased their Q3 2024 EPS estimates for shares of Torex Gold Resources in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now expects that the company will post earnings of $0.77 per share for the quarter, down from their previous forecast of $0.81. 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’ FY2025 earnings at $4.11 EPS.

Torex Gold Resources (TSE:TXG) last issued its earnings results on Wednesday, August 7th. The company reported C$0.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter.

A number of other research firms have also weighed in on TXG. CIBC upped their target price on Torex Gold Resources from C$23.00 to C$26.00 in a report on Wednesday, July 10th. BMO Capital Markets raised their price objective on Torex Gold Resources from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Cormark boosted their target price on shares of Torex Gold Resources from C$30.00 to C$33.00 in a report on Friday, September 6th. Canaccord Genuity Group increased their price target on shares of Torex Gold Resources from C$30.50 to C$32.00 in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada lifted their price objective on shares of Torex Gold Resources from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Five 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, Torex Gold Resources currently has an average rating of “Buy” and an average price target of C$31.86.

Torex Gold Resources Trading Down 3.3 %

TSE:TXG opened at C$29.92 on Friday. The firm has a 50-day simple moving average of C$26.58 and a 200-day simple moving average of C$22.92. Torex Gold Resources has a one year low of C$12.40 and a one year high of C$32.10. The firm has a market cap of C$2.57 billion, a P/E ratio of 18.02, 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.

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.