Brokers Set Expectations for Torex Gold Resources Inc.’s Q4 2024 Earnings (TSE:TXG)

Torex Gold Resources Inc. (TSE:TXG) – Equities researchers at Cormark lowered their Q4 2024 earnings estimates for shares of Torex Gold Resources in a research note issued to investors on Thursday, October 10th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.31 for the quarter, down from their previous forecast of $0.38. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.45 per share. Cormark also issued estimates for Torex Gold Resources’ FY2025 earnings at $4.07 EPS and FY2027 earnings at $3.96 EPS.

A number of other brokerages also recently weighed in on TXG. TD Securities lowered their price objective on shares of Torex Gold Resources from C$34.00 to C$33.00 in a research report on Friday, August 9th. BMO Capital Markets upped their target price on Torex Gold Resources from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Royal Bank of Canada boosted their price target on Torex Gold Resources from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Canaccord Genuity Group boosted their price target on Torex Gold Resources from C$30.50 to C$32.00 in a research note on Tuesday, July 23rd. Finally, National Bank Financial upgraded Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Torex Gold Resources has an average rating of “Buy” and an average price target of C$31.31.

Torex Gold Resources Price Performance

Shares of TSE TXG opened at C$29.14 on Monday. The stock has a market capitalization of C$2.51 billion, a P/E ratio of 17.99, 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. Torex Gold Resources has a 1 year low of C$12.40 and a 1 year high of C$29.97. The company’s 50-day moving average is C$25.02 and its 200 day moving average is C$22.22.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.70 by C$0.12. The company had revenue of C$369.83 million during the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%.

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.