Raymond James Issues Negative Outlook for TSE:TXG Earnings

Torex Gold Resources Inc. (TSE:TXGFree Report) – Raymond James dropped their FY2024 EPS estimates for Torex Gold Resources in a report released on Wednesday, January 15th. Raymond James analyst C. Stanley now forecasts that the company will earn $2.15 per share for the year, down from their prior forecast of $2.27. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Raymond James also issued estimates for Torex Gold Resources’ Q4 2024 earnings at $0.89 EPS, Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.96 EPS, Q4 2025 earnings at $1.45 EPS and FY2025 earnings at $4.12 EPS.

Torex Gold Resources (TSE:TXGGet Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share for the quarter, topping the consensus estimate of C$0.82 by C$0.20. The business had revenue of C$427.96 million during the quarter. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%.

Other equities research analysts also recently issued reports about the company. Scotiabank upped their price objective on Torex Gold Resources from C$33.00 to C$37.00 in a research report on Thursday, November 21st. Royal Bank of Canada boosted their target price on shares of Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. TD Securities raised their price target on shares of Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th. National Bankshares raised shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$31.25 to C$37.75 in a research report on Thursday, October 10th. Finally, CIBC raised their target price on shares of Torex Gold Resources from C$33.00 to C$34.50 in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$34.81.

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Torex Gold Resources Trading Up 0.7 %

TXG stock opened at C$28.16 on Monday. The firm has a market cap of C$2.42 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The firm has a fifty day moving average price of C$28.65 and a 200 day moving average price of C$26.44. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09. Torex Gold Resources has a fifty-two week low of C$12.79 and a fifty-two week high of C$32.75.

About Torex Gold Resources

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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.

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

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