TSE:TXG FY2024 EPS Boosted by National Bank Financial

Torex Gold Resources Inc. (TSE:TXG) – Analysts at National Bank Financial raised their FY2024 earnings per share estimates for Torex Gold Resources in a research report issued on Monday, February 10th. National Bank Financial analyst D. Demarco now expects that the company will earn $3.52 per share for the year, up from their prior forecast of $3.34. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. National Bank Financial also issued estimates for Torex Gold Resources’ Q4 2024 earnings at $0.96 EPS.

A number of other analysts have also weighed in on TXG. TD Securities upped their price objective on Torex Gold Resources from C$34.00 to C$38.00 in a research report on Friday, October 18th. Raymond James upped their price objective on Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. CIBC upped their price objective on Torex Gold Resources from C$33.00 to C$34.50 in a research report on Monday, December 2nd. Scotiabank upped their price objective on Torex Gold Resources from C$33.00 to C$37.00 in a research report on Thursday, November 21st. Finally, Royal Bank of Canada upped their price objective on Torex Gold Resources from C$34.00 to C$37.00 in a research report on Friday, December 6th. Four 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 data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$34.81.

Torex Gold Resources Stock Up 0.1 %

TSE:TXG opened at C$34.11 on Wednesday. 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’s fifty day moving average is C$29.39 and its two-hundred day moving average is C$27.48. Torex Gold Resources has a 52 week low of C$12.79 and a 52 week high of C$34.62. The stock has a market capitalization of C$2.93 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34.

Insider Activity at Torex Gold Resources

In other Torex Gold Resources news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total transaction of C$162,898.31. Also, Director Caroline Donally bought 1,000 shares of the firm’s stock in a transaction dated Monday, January 20th. The shares were acquired at an average price of C$27.91 per share, with a total value of C$27,908.00. Insiders have acquired 2,000 shares of company stock valued at $55,927 over the last quarter. 0.35% of the stock is owned by insiders.

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.