Cormark Has Negative Forecast for TSE:TXG FY2024 Earnings

Torex Gold Resources Inc. (TSE:TXGFree Report) – Cormark reduced their FY2024 earnings per share (EPS) estimates for Torex Gold Resources in a research note issued on Thursday, January 16th. Cormark analyst R. Gray now forecasts that the company will post earnings of $3.34 per share for the year, down from their prior estimate of $3.35. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Cormark also issued estimates for Torex Gold Resources’ Q1 2025 earnings at $0.45 EPS, Q2 2025 earnings at $1.12 EPS and FY2027 earnings at $4.59 EPS.

Torex Gold Resources (TSE:TXGGet Free Report) last announced its quarterly earnings data 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 during the quarter.

TXG has been the subject of a number of other reports. TD Securities upped their price target on Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Royal Bank of Canada increased their price objective on Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. Raymond James increased their price objective on Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. CIBC increased their price objective on Torex Gold Resources from C$33.00 to C$34.50 in a report on Monday, December 2nd. Finally, National Bankshares raised Torex Gold Resources from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$31.25 to C$37.75 in a report on Thursday, October 10th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$34.81.

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Torex Gold Resources Stock Performance

Shares of Torex Gold Resources stock opened at C$27.97 on Monday. The business has a 50-day simple moving average of C$28.69 and a 200-day simple moving average of C$26.43. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09. The company has a market cap of C$2.40 billion, a PE ratio of 16.85, a P/E/G ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a one year low of C$12.79 and a one year high of C$32.75.

Torex Gold Resources Company Profile

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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.

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Earnings History and Estimates for Torex Gold Resources (TSE:TXG)

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