Cormark Lowers Earnings Estimates for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Investment analysts at Cormark cut their Q2 2025 earnings per share estimates for shares of Torex Gold Resources in a research note issued on Monday, June 9th. Cormark analyst R. Gray now expects that the company will earn $1.05 per share for the quarter, down from their prior estimate of $1.40. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Cormark also issued estimates for Torex Gold Resources’ FY2025 earnings at $5.15 EPS.

Several other brokerages have also issued reports on TXG. BMO Capital Markets lifted their price target on Torex Gold Resources from C$44.00 to C$56.00 in a research note on Friday, May 2nd. Scotiabank lifted their target price on Torex Gold Resources from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Raymond James increased their target price on shares of Torex Gold Resources from C$34.00 to C$47.00 in a report on Friday, April 4th. CIBC upgraded shares of Torex Gold Resources from a “neutral” rating to an “outperform” rating and raised their price target for the company from C$42.00 to C$58.00 in a research note on Monday, April 14th. Finally, National Bankshares set a C$70.00 price objective on shares of Torex Gold Resources and gave the stock an “outperform” rating in a research report on Thursday, June 5th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Torex Gold Resources presently has an average rating of “Buy” and a consensus price target of C$54.50.

Torex Gold Resources Stock Performance

TSE TXG opened at C$45.75 on Wednesday. Torex Gold Resources has a 1 year low of C$19.01 and a 1 year high of C$49.07. The firm has a market capitalization of C$2.77 billion, a price-to-earnings ratio of 24.60, 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. The firm’s 50 day simple moving average is C$43.66 and its 200 day simple moving average is C$35.77.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala.