National Bank Financial Equities Analysts Lift Earnings Estimates for Torex Gold Resources Inc. (TSE:TXG)

Torex Gold Resources Inc. (TSE:TXG) – Equities researchers at National Bank Financial boosted their FY2024 EPS estimates for shares of Torex Gold Resources in a report issued on Wednesday, October 9th. National Bank Financial analyst D. Demarco now expects that the company will earn $2.49 per share for the year, up from their prior estimate of $2.32. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.45 per share. National Bank Financial also issued estimates for Torex Gold Resources’ FY2025 earnings at $4.13 EPS and FY2026 earnings at $4.69 EPS.

TXG has been the topic of a number of other research reports. Scotiabank increased 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. Royal Bank of Canada increased 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 note on Tuesday, September 10th. Canaccord Genuity Group raised 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. CIBC raised their price target on shares of Torex Gold Resources from C$23.00 to C$26.00 in a research report on Wednesday, July 10th. Finally, National Bankshares upgraded shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$31.25 to C$37.75 in a research report on Thursday. Five equities research 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.com, the company has a consensus rating of “Buy” and a consensus price target of C$31.31.

Torex Gold Resources Trading Up 0.4 %

Shares of Torex Gold Resources stock opened at C$29.14 on Monday. The firm has a market capitalization of C$2.51 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 12-month low of C$12.40 and a 12-month high of C$29.97. The firm’s 50 day simple moving average is C$25.02 and its two-hundred day simple moving average is C$22.22. The company has a current ratio of 1.09, a quick ratio of 2.12 and a debt-to-equity ratio of 7.32.

Torex Gold Resources (TSE:TXG) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.70 by C$0.12. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. The business 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.