Cormark Brokers Decrease Earnings Estimates for Torex Gold Resources Inc. (TSE:TXG)

Torex Gold Resources Inc. (TSE:TXG) – Equities research analysts at Cormark lowered their Q1 2024 earnings estimates for shares of Torex Gold Resources in a report issued on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will earn $0.52 per share for the quarter, down from their previous estimate of $0.66. The consensus estimate for Torex Gold Resources’ current full-year earnings is $2.01 per share.

Torex Gold Resources (TSE:TXG) last issued its earnings results on Wednesday, February 21st. The company reported C$0.77 earnings per share for the quarter, missing the consensus estimate of C$0.98 by C($0.21). The firm had revenue of C$384.49 million during the quarter. Torex Gold Resources had a return on equity of 14.68% and a net margin of 23.16%.

TXG has been the topic of several other research reports. National Bankshares boosted their price target on shares of Torex Gold Resources from C$25.00 to C$25.25 in a research note on Friday, April 19th. CIBC boosted their price target on shares of Torex Gold Resources from C$21.00 to C$23.00 in a research note on Monday, April 15th. Finally, Canaccord Genuity Group boosted their price target on shares of Torex Gold Resources from C$26.25 to C$28.50 in a research note on Tuesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Torex Gold Resources has a consensus rating of “Moderate Buy” and an average target price of C$25.16.

Torex Gold Resources Stock Up 0.1 %

Shares of TXG stock opened at C$19.60 on Wednesday. The stock has a market cap of C$1.69 billion, a P/E ratio of 6.16, a PEG ratio of 0.02 and a beta of 1.18. Torex Gold Resources has a 52 week low of C$12.40 and a 52 week high of C$25.40. The company has a quick ratio of 2.12, a current ratio of 1.44 and a debt-to-equity ratio of 2.14. The company’s fifty day simple moving average is C$17.58 and its two-hundred day simple moving average is C$15.28.

Insider Activity

In other Torex Gold Resources news, Director Rodrigo Sandoval Navarro bought 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were purchased at an average cost of C$9.97 per share, for a total transaction of C$49,843.00. Corporate insiders own 0.22% of the company’s stock.

Torex Gold Resources Company Profile

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.