Cormark Forecasts Stronger Earnings for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Research analysts at Cormark lifted their Q1 2025 earnings per share (EPS) estimates for Torex Gold Resources in a research report issued on Thursday, December 19th. Cormark analyst R. Gray now forecasts that the company will earn $0.60 per share for the quarter, up from their previous forecast of $0.59. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Cormark also issued estimates for Torex Gold Resources’ Q2 2025 earnings at $1.16 EPS, Q3 2025 earnings at $1.19 EPS and Q4 2025 earnings at $1.19 EPS.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share for the quarter, topping the consensus estimate of C$0.82 by C$0.20. The firm had revenue of C$427.96 million for the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%.

Other equities analysts have also recently issued research reports about the stock. National Bank Financial raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada upped their target price on shares of Torex Gold Resources from C$34.00 to C$37.00 in a research report on Friday, December 6th. BMO Capital Markets raised their price target on Torex Gold Resources from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. National Bankshares upgraded Torex Gold Resources from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$31.25 to C$37.75 in a report on Thursday, October 10th. Finally, Scotiabank raised their price objective on Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Torex Gold Resources has a consensus rating of “Buy” and an average target price of C$34.03.

Torex Gold Resources Stock Down 0.2 %

Shares of TSE TXG opened at C$28.09 on Monday. The business has a 50-day moving average of C$29.25 and a 200-day moving average of C$25.43. The firm has a market capitalization of C$2.42 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 0.02 and a beta of 1.34. The company has a current ratio of 1.09, a quick ratio of 2.12 and a debt-to-equity ratio of 7.32. Torex Gold Resources has a 12 month low of C$12.79 and a 12 month high of C$32.75.

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.