Cormark Equities Analysts Reduce Earnings Estimates for Torex Gold Resources Inc. (TSE:TXG)

Torex Gold Resources Inc. (TSE:TXG) – Equities researchers at Cormark cut their Q1 2024 EPS estimates for Torex Gold Resources in a research note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.52 per share for the quarter, down from their prior forecast of $0.66. The consensus estimate for Torex Gold Resources’ current full-year earnings is $2.01 per share.

TXG has been the topic of several other research reports. Canaccord Genuity Group upped their price target on shares of Torex Gold Resources from C$26.25 to C$28.50 in a research report on Tuesday. National Bankshares upped their target price on shares of Torex Gold Resources from C$25.00 to C$25.25 in a research report on Friday, April 19th. Finally, CIBC upped their target price on shares of Torex Gold Resources from C$21.00 to C$23.00 in a research report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$25.16.

Torex Gold Resources Stock Up 1.6 %

Shares of TSE TXG opened at C$19.76 on Wednesday. The stock has a market cap of C$1.70 billion, a PE ratio of 6.21, a PEG ratio of 0.02 and a beta of 1.18. The business has a fifty day moving average of C$17.70 and a two-hundred day moving average of C$15.31. Torex Gold Resources has a 52-week low of C$12.40 and a 52-week high of C$25.40. The company has a debt-to-equity ratio of 2.14, a quick ratio of 2.12 and a current ratio of 1.44.

Torex Gold Resources (TSE:TXG) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.98 by C($0.21). The company had revenue of C$384.49 million for the quarter. Torex Gold Resources had a net margin of 23.16% and a return on equity of 14.68%.

Insider Activity

In other Torex Gold Resources news, Director Rodrigo Sandoval Navarro bought 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average cost of C$9.97 per share, with a total value of C$49,843.00. 0.22% of the stock is currently owned by company insiders.

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.