Torex Gold Resources Inc. (TSE:TXG – Free Report) – 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 – Get Free Report) 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.
Read Our Latest Report on Torex Gold Resources
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.
Featured Stories
- Five stocks we like better than Torex Gold Resources
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Consumer Staples Stocks, Explained
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Torex Gold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torex Gold Resources and related companies with MarketBeat.com's FREE daily email newsletter.