TSE:TXG FY2024 EPS Lifted by National Bank Financial

Torex Gold Resources Inc. (TSE:TXG) – Stock analysts at National Bank Financial boosted their FY2024 earnings estimates for shares of Torex Gold Resources in a report issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings per share of $2.58 for the year, up from their prior forecast of $2.49. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Other equities analysts have also issued reports about the stock. National Bankshares upgraded shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$31.25 to C$37.75 in a research report on Thursday, October 10th. Royal Bank of Canada lifted their target price on Torex Gold Resources from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Canaccord Genuity Group boosted their target price on Torex Gold Resources from C$30.50 to C$32.00 in a research report on Tuesday, July 23rd. CIBC raised their target price on shares of Torex Gold Resources from C$23.00 to C$26.00 in a research note on Wednesday, July 10th. Finally, Scotiabank raised their price objective on shares of Torex Gold Resources from C$27.00 to C$29.00 in a research note on Friday, September 6th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Torex Gold Resources has a consensus rating of “Buy” and a consensus price target of C$31.86.

Torex Gold Resources Price Performance

The firm has a 50-day simple moving average of C$26.45 and a 200-day simple moving average of C$22.83. The company has a market capitalization of C$2.66 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.09 and a quick ratio of 2.12. Torex Gold Resources has a twelve month low of C$12.40 and a twelve month high of C$32.10.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.82 EPS for the quarter, topping 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 company had revenue of C$369.83 million for the quarter.

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.