Cormark Predicts Weaker Earnings for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Research analysts at Cormark cut their FY2025 EPS estimates for shares of Torex Gold Resources in a note issued to investors on Tuesday, June 24th. Cormark analyst R. Gray now anticipates that the company will post earnings of $5.11 per share for the year, down from their prior forecast of $5.15. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

A number of other research firms have also recently issued reports on TXG. 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. BMO Capital Markets upped their target price on shares of Torex Gold Resources from C$44.00 to C$56.00 in a research report on Friday, May 2nd. CIBC upgraded shares of Torex Gold Resources from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$42.00 to C$58.00 in a research report on Monday, April 14th. Cibc World Mkts upgraded shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. Finally, Raymond James Financial lifted their price objective on shares of Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Torex Gold Resources has an average rating of “Buy” and an average target price of C$55.00.

Torex Gold Resources Price Performance

Shares of TSE:TXG opened at C$44.00 on Wednesday. The firm has a 50 day moving average of C$44.72 and a 200-day moving average of C$36.83. The stock has a market capitalization of C$2.67 billion, a PE ratio of 23.66, a PEG 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. Torex Gold Resources has a 12 month low of C$19.01 and a 12 month high of C$49.25.

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.