Torex Gold Resources Inc. (TSE:TXG – Free Report) – Research analysts at Cormark upped their Q3 2023 EPS estimates for shares of Torex Gold Resources in a research report issued on Thursday, September 7th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.63 for the quarter, up from their previous estimate of $0.61. The consensus estimate for Torex Gold Resources’ current full-year earnings is $1.37 per share.
Several other equities analysts have also weighed in on the stock. 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 report on Monday, June 19th. CIBC increased their target price on shares of Torex Gold Resources from C$20.00 to C$21.50 in a research report on Friday, July 14th. Finally, National Bankshares decreased their price target on shares of Torex Gold Resources from C$25.50 to C$25.00 and set a “sector perform” rating for the company in a research note on Friday, July 21st.
Torex Gold Resources Stock Up 0.7 %
TXG stock opened at C$15.06 on Monday. Torex Gold Resources has a 1-year low of C$8.07 and a 1-year high of C$25.40. The stock has a market cap of C$1.29 billion, a P/E ratio of 4.24, a P/E/G ratio of 0.02 and a beta of 0.89. The stock’s fifty day simple moving average is C$16.83 and its two-hundred day simple moving average is C$19.27. The company has a current ratio of 2.40, a quick ratio of 2.12 and a debt-to-equity ratio of 0.80.
Torex Gold Resources (TSE:TXG – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The company reported C$0.59 EPS for the quarter, topping the consensus estimate of C$0.54 by C$0.05. The firm 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%.
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 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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