Cormark Lowers Earnings Estimates for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Equities research analysts at Cormark dropped their Q1 2025 EPS estimates for shares of Torex Gold Resources in a report issued on Tuesday, April 22nd. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.32 for the quarter, down from their prior forecast of $0.41. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Several other analysts have also recently weighed in on the company. CIBC raised Torex Gold Resources from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$42.00 to C$58.00 in a report on Monday, April 14th. Raymond James boosted their price target on Torex Gold Resources from C$34.00 to C$47.00 in a report on Friday, April 4th. Royal Bank of Canada increased their target price on shares of Torex Gold Resources from C$44.00 to C$45.00 in a research report on Friday, April 4th. TD Securities upped their price objective on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research note on Tuesday, April 15th. Finally, Desjardins restated a “buy” rating on shares of Torex Gold Resources in a report on Thursday. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Torex Gold Resources presently has an average rating of “Buy” and an average target price of C$45.19.

Torex Gold Resources Stock Performance

Shares of TSE TXG opened at C$44.47 on Thursday. The stock has a 50 day moving average of C$37.45 and a 200-day moving average of C$32.18. Torex Gold Resources has a 12 month low of C$18.79 and a 12 month high of C$49.07. The company has a market capitalization of C$2.70 billion, a P/E ratio of 23.91, a P/E/G ratio of 0.02 and a beta of 1.34. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09.

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.