FY2024 EPS Estimates for TSE:TXG Lowered by Raymond James

Torex Gold Resources Inc. (TSE:TXG) – Equities research analysts at Raymond James lowered their FY2024 earnings estimates for shares of Torex Gold Resources in a report issued on Monday, October 28th. Raymond James analyst C. Stanley now anticipates that the company will earn $1.82 per share for the year, down from their previous estimate of $1.89. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Several other equities analysts also recently commented on the stock. National Bank Financial raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. TD Securities raised their target price on shares of Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Canaccord Genuity Group upped their price target on shares of Torex Gold Resources from C$30.50 to C$32.00 in a research note on Tuesday, July 23rd. 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 research note on Tuesday, September 10th. Finally, Scotiabank upped their target price on shares of Torex Gold Resources from C$27.00 to C$29.00 in a research report on Friday, September 6th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Torex Gold Resources currently has a consensus rating of “Buy” and a consensus price target of C$31.86.

Torex Gold Resources Stock Up 2.0 %

TSE TXG opened at C$30.30 on Wednesday. Torex Gold Resources has a 12 month low of C$12.40 and a 12 month high of C$32.10. The company has a current ratio of 1.09, a quick ratio of 2.12 and a debt-to-equity ratio of 7.32. The stock has a market cap of C$2.61 billion, a PE ratio of 18.25, a P/E/G ratio of 0.02 and a beta of 1.34. The stock’s 50 day moving average is C$26.84 and its 200 day moving average is C$23.04.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 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.