Raymond James Has Pessimistic View of TSE:TXG Q3 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Research analysts at Raymond James decreased their Q3 2024 earnings per share (EPS) estimates for shares of Torex Gold Resources in a report issued on Monday, October 28th. Raymond James analyst C. Stanley now expects that the company will post earnings of $0.81 per share for the quarter, down from their previous estimate of $0.86. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Raymond James also issued estimates for Torex Gold Resources’ Q4 2024 earnings at $0.29 EPS, Q1 2025 earnings at $0.81 EPS, Q2 2025 earnings at $0.88 EPS, Q3 2025 earnings at $0.95 EPS, Q4 2025 earnings at $1.09 EPS and FY2025 earnings at $3.74 EPS.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.82 EPS for the quarter, beating the consensus estimate of C$0.70 by C$0.12. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The business had revenue of C$369.83 million during the quarter.

Several other equities research analysts have also weighed in on TXG. TD Securities boosted their target price on Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. National Bank Financial upgraded Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. National Bankshares upgraded Torex Gold Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$31.25 to C$37.75 in a report on Thursday, October 10th. Canaccord Genuity Group upped their price target on Torex Gold Resources from C$30.50 to C$32.00 in a report on Tuesday, July 23rd. Finally, Cormark upped their price target on Torex Gold Resources from C$30.00 to C$33.00 in a report on Friday, September 6th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$31.86.

Torex Gold Resources Stock Down 0.2 %

TXG opened at C$30.24 on Thursday. The business has a 50 day moving average price of C$26.95 and a 200 day moving average price of C$23.11. Torex Gold Resources has a twelve month low of C$12.40 and a twelve month high of C$32.10. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09. The firm has a market cap of C$2.60 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34.

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.