Research Analysts Offer Predictions for Torex Gold Resources Inc.’s FY2023 Earnings (TSE:TXG)

Torex Gold Resources Inc. (TSE:TXGFree Report) – Stock analysts at Cormark upped their FY2023 earnings estimates for Torex Gold Resources in a research note issued on Thursday, September 7th. Cormark analyst R. Gray now expects that the company will post earnings per share of $2.92 for the year, up from their prior forecast of $2.86. The consensus estimate for Torex Gold Resources’ current full-year earnings is $2.74 per share. Cormark also issued estimates for Torex Gold Resources’ Q4 2023 earnings at $0.90 EPS.

Torex Gold Resources (TSE:TXGGet Free Report) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported C$0.59 EPS for the quarter, beating the consensus estimate of C$0.54 by C$0.05. The business had revenue of C$283.83 million for the quarter. Torex Gold Resources had a net margin of 25.64% and a return on equity of 16.78%.

Other equities research analysts have also issued reports about the stock. National Bankshares lowered their price target on shares of Torex Gold Resources from C$25.50 to C$25.00 and set a “sector perform” rating on the stock in a research note on Friday, July 21st. CIBC lifted their price target on shares of Torex Gold Resources from C$20.00 to C$21.50 in a research note on Friday, July 14th. Finally, Canaccord Genuity Group set a C$27.00 price target on shares of Torex Gold Resources and gave the company a “buy” rating in a research note on Monday, June 19th.

Read Our Latest Stock Report on Torex Gold Resources

Torex Gold Resources Stock Up 0.1 %

TXG traded up C$0.01 during trading on Friday, hitting C$14.97. The company had a trading volume of 24,217 shares, compared to its average volume of 321,973. The company has a market capitalization of C$1.29 billion, a PE ratio of 4.17, a PEG ratio of 0.02 and a beta of 0.87. Torex Gold Resources has a one year low of C$8.07 and a one year high of C$25.40. The firm’s 50-day moving average price is C$16.90 and its 200 day moving average price is C$19.24. The company has a quick ratio of 2.12, a current ratio of 2.40 and a debt-to-equity ratio of 0.80.

About Torex Gold Resources

(Get Free Report)

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property that covers an area of 29,000 hectares located southwest of Mexico City. The company's principal assets include the El Limón Guajes mining complex comprising the El Limón Guajes open pits, the El Limón Guajes underground mine, and the processing plant and related infrastructure, and the Media Luna deposit, which is an advanced stage development project.

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Earnings History and Estimates for Torex Gold Resources (TSE:TXG)

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