FY2024 Earnings Forecast for TSE:TXG Issued By Raymond James

Torex Gold Resources Inc. (TSE:TXG) – Investment analysts at Raymond James lifted their FY2024 earnings per share (EPS) estimates for shares of Torex Gold Resources in a note issued to investors on Monday, January 6th. Raymond James analyst C. Stanley now expects that the company will post earnings of $2.27 per share for the year, up from their previous forecast of $1.82. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Raymond James also issued estimates for Torex Gold Resources’ Q4 2024 earnings at $1.02 EPS, Q1 2025 earnings at $0.42 EPS, Q3 2025 earnings at $1.06 EPS and Q4 2025 earnings at $1.19 EPS.

Other equities research analysts have also recently issued reports about the stock. National Bankshares raised shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$31.25 to C$37.75 in a research report on Thursday, October 10th. Royal Bank of Canada lifted their price target on Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. Scotiabank increased their price objective on Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. CIBC boosted their target price on Torex Gold Resources from C$33.00 to C$34.50 in a research note on Monday, December 2nd. Finally, 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. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$34.81.

Torex Gold Resources Trading Down 1.1 %

TSE TXG opened at C$28.78 on Thursday. Torex Gold Resources has a 52 week low of C$12.79 and a 52 week high of C$32.75. The firm has a 50 day moving average of C$28.84 and a two-hundred day moving average of C$26.04. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. The stock has a market capitalization of C$2.47 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34.

Torex Gold Resources (TSE:TXG) 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. The business had revenue of C$427.96 million during the quarter. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%.

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.