Brokers Set Expectations for TSE:TXG FY2024 Earnings

Torex Gold Resources Inc. (TSE:TXG) – National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Torex Gold Resources in a report issued on Monday, November 18th. National Bank Financial analyst D. Demarco now expects that the company will post earnings of $3.34 per share for the year, up from their previous estimate of $2.58. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. National Bank Financial also issued estimates for Torex Gold Resources’ Q4 2024 earnings at $0.85 EPS, FY2025 earnings at $3.53 EPS, FY2026 earnings at $4.50 EPS and FY2027 earnings at $4.21 EPS.

Several other research firms also recently weighed in on TXG. National Bankshares raised shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$31.25 to C$37.75 in a research report on Thursday, October 10th. Scotiabank upped their price objective on Torex Gold Resources from C$27.00 to C$29.00 in a research note on Friday, September 6th. TD Securities upped their price target on Torex Gold Resources from C$34.00 to C$38.00 in a research report on Friday, October 18th. BMO Capital Markets lifted their price objective on shares of Torex Gold Resources from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, Cormark boosted their price objective on shares of Torex Gold Resources from C$30.00 to C$33.00 in a research report on Friday, September 6th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Torex Gold Resources presently has an average rating of “Buy” and a consensus target price of C$31.86.

Torex Gold Resources Trading Up 1.2 %

TXG opened at C$29.87 on Thursday. Torex Gold Resources has a 12-month low of C$12.77 and a 12-month high of C$32.10. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.09 and a quick ratio of 2.12. The stock has a market capitalization of C$2.57 billion, a PE ratio of 17.99, a P/E/G ratio of 0.02 and a beta of 1.34. The firm’s fifty day moving average price is C$27.98 and its 200 day moving average price is C$24.08.

Torex Gold Resources (TSE:TXG) last announced its earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.20. The company had revenue of C$427.96 million for the quarter. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%.

Torex Gold Resources Company Profile

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.