Torex Gold Resources (TSE:TXG) Stock Price Expected to Rise, Raymond James Analyst Says

Torex Gold Resources (TSE:TXG) had its target price increased by analysts at Raymond James from C$33.00 to C$34.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Raymond James’ price target points to a potential upside of 17.08% from the stock’s current price. Raymond James also issued estimates for Torex Gold Resources’ Q2 2025 earnings at $0.80 EPS and FY2025 earnings at $3.48 EPS.

Several other research firms also recently weighed in on TXG. National Bank Financial raised Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. TD Securities increased their price target on shares of Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th. National Bankshares raised shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$31.25 to C$37.75 in a research report on Thursday, October 10th. Scotiabank upped their target price on shares of Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Finally, CIBC raised their price target on Torex Gold Resources from C$33.00 to C$34.50 in a report on Monday, December 2nd. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$34.81.

Torex Gold Resources Price Performance

Shares of TSE:TXG opened at C$29.04 on Tuesday. Torex Gold Resources has a 12 month low of C$12.79 and a 12 month high of C$32.75. The firm has a market capitalization of C$2.50 billion, a P/E ratio of 17.49, 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 current ratio of 1.09 and a quick ratio of 2.12. The company’s fifty day moving average price is C$28.86 and its 200 day moving average price is C$25.98.

Torex Gold Resources (TSE:TXG) last posted its earnings results on Wednesday, November 6th. The company reported C$1.02 EPS for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The business had revenue of C$427.96 million for the quarter. As a group, sell-side analysts predict that Torex Gold Resources will post 3.6254502 earnings per share for the current fiscal year.

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.