Cormark Expects Lower Earnings for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Equities research analysts at Cormark reduced their Q3 2025 earnings per share estimates for shares of Torex Gold Resources in a report issued on Wednesday, October 29th. Cormark analyst R. Gray now expects that the company will earn $1.69 per share for the quarter, down from their previous estimate of $2.07. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Other research analysts also recently issued research reports about the company. Raymond James Financial increased their price target on Torex Gold Resources from C$55.00 to C$58.00 in a research note on Thursday, August 21st. TD Securities cut their price target on Torex Gold Resources from C$64.00 to C$62.00 and set a “buy” rating for the company in a research note on Friday, August 8th. CIBC increased their price target on Torex Gold Resources from C$66.00 to C$90.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. National Bankshares increased their price target on Torex Gold Resources from C$75.00 to C$86.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Finally, Desjardins increased their price objective on Torex Gold Resources from C$63.00 to C$65.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$66.40.

Torex Gold Resources Stock Up 0.3%

TXG stock opened at C$57.94 on Friday. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. The company has a market capitalization of C$5.59 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 0.02 and a beta of 0.87. Torex Gold Resources has a fifty-two week low of C$26.29 and a fifty-two week high of C$69.27. The stock has a fifty day moving average of C$55.91 and a 200-day moving average of C$47.95.

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.