Desjardins Has Positive Outlook of TSE:TXG FY2025 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Analysts at Desjardins upped their FY2025 EPS estimates for Torex Gold Resources in a report issued on Wednesday, August 6th. Desjardins analyst A. Carson now forecasts that the company will post earnings per share of $4.33 for the year, up from their prior estimate of $3.16. Desjardins currently has a “Buy” rating and a $65.00 target price on the stock. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Desjardins also issued estimates for Torex Gold Resources’ FY2026 earnings at $4.88 EPS and FY2027 earnings at $5.67 EPS.

A number of other research firms have also recently issued reports on TXG. Cibc World Mkts raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. BMO Capital Markets raised their target price on shares of Torex Gold Resources from C$44.00 to C$56.00 in a report on Friday, May 2nd. CIBC raised shares of Torex Gold Resources from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$42.00 to C$58.00 in a report on Monday, April 14th. Scotiabank raised their target price on shares of Torex Gold Resources from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Finally, National Bankshares set a C$70.00 target price on shares of Torex Gold Resources and gave the stock an “outperform” rating in a report on Thursday, June 5th. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$59.56.

Torex Gold Resources Trading Down 1.2%

TSE TXG opened at C$41.16 on Monday. The company has a fifty day simple moving average of C$43.71 and a two-hundred day simple moving average of C$40.05. The stock has a market cap of C$2.50 billion, a P/E ratio of 22.13, a P/E/G ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 12-month low of C$20.68 and a 12-month high of C$49.25. 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 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.