Brokers Offer Predictions for Torex Gold Resources Inc.’s Q3 2024 Earnings (TSE:TXG)

Torex Gold Resources Inc. (TSE:TXG) – Stock analysts at Raymond James lifted their Q3 2024 earnings per share (EPS) estimates for shares of Torex Gold Resources in a research note issued on Monday, September 23rd. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of $0.86 for the quarter, up from their prior forecast of $0.77. Raymond James currently has a “Moderate Buy” rating on the stock. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.23 per share. Raymond James also issued estimates for Torex Gold Resources’ FY2024 earnings at $1.89 EPS, Q1 2025 earnings at $0.88 EPS, Q2 2025 earnings at $0.92 EPS, Q3 2025 earnings at $1.01 EPS, Q4 2025 earnings at $1.10 EPS and FY2025 earnings at $3.92 EPS.

TXG has been the subject of a number of other reports. CIBC increased their price target on Torex Gold Resources from C$23.00 to C$26.00 in a research report on Wednesday, July 10th. Royal Bank of Canada raised their price target on shares of Torex Gold Resources from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Canaccord Genuity Group upped their price objective on shares of Torex Gold Resources from C$30.50 to C$32.00 in a research report on Tuesday, July 23rd. BMO Capital Markets increased their price objective on shares of Torex Gold Resources from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Scotiabank upped their target price on Torex Gold Resources from C$27.00 to C$29.00 in a report on Friday, September 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Torex Gold Resources currently has a consensus rating of “Moderate Buy” and an average price target of C$30.17.

Torex Gold Resources Stock Performance

Shares of Torex Gold Resources stock opened at C$25.95 on Thursday. Torex Gold Resources has a 52 week low of C$12.40 and a 52 week high of C$27.32. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. The business has a 50 day moving average price of C$24.07 and a 200-day moving average price of C$21.69. The company has a market cap of C$2.23 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 0.02 and a beta of 1.35.

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

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.