Cormark Forecasts Stronger Earnings for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Investment analysts at Cormark lifted their FY2025 earnings per share (EPS) estimates for shares of Torex Gold Resources in a report released on Monday, March 24th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $3.63 for the year, up from their previous estimate of $3.61. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Cormark also issued estimates for Torex Gold Resources’ Q4 2025 earnings at $1.16 EPS.

Several other equities research analysts have also commented on the company. CIBC upped their price objective on Torex Gold Resources from C$36.00 to C$42.00 in a research report on Friday, February 21st. Royal Bank of Canada increased their price target on shares of Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. BMO Capital Markets lifted their price objective on shares of Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. Finally, Raymond James increased their target price on shares of Torex Gold Resources from C$33.00 to C$34.00 in a research note on Tuesday, January 7th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Torex Gold Resources currently has a consensus rating of “Buy” and an average target price of C$36.53.

Torex Gold Resources Stock Up 2.7 %

Shares of TXG opened at C$38.39 on Wednesday. The stock’s 50-day moving average price is C$32.93 and its 200-day moving average price is C$29.81. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. The company has a market capitalization of C$2.33 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 52 week low of C$18.79 and a 52 week high of C$39.40.

Insider Buying and Selling

In related news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31. Also, Director Caroline Donally acquired 1,000 shares of the firm’s stock in a transaction on Monday, January 20th. The stock was purchased at an average price of C$27.91 per share, for a total transaction of C$27,908.00. Insiders own 0.35% of the company’s stock.

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.