Torex Gold Resources (TSE:TXG) Price Target Raised to C$34.00

Torex Gold Resources (TSE:TXG) had its target price lifted by Raymond James from C$33.00 to C$34.00 in a research note released on Tuesday morning,BayStreet.CA reports. Raymond James also issued estimates for Torex Gold Resources’ Q4 2024 earnings at $1.02 EPS, FY2024 earnings at $2.27 EPS, Q1 2025 earnings at $0.42 EPS, Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $1.06 EPS, Q4 2025 earnings at $1.19 EPS and FY2025 earnings at $3.48 EPS.

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

Torex Gold Resources Stock Up 0.2 %

Shares of TSE:TXG opened at C$29.10 on Tuesday. 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 fifty day simple moving average of C$28.84 and a two-hundred day simple moving average of C$26.04. Torex Gold Resources has a 12-month low of C$12.79 and a 12-month high of C$32.75. The stock has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 0.02 and a beta of 1.34.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.82 by C$0.20. The business had revenue of C$427.96 million for the quarter. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. On average, research analysts anticipate that Torex Gold Resources will post 3.6254502 earnings per share for the current fiscal year.

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.