Cormark Brokers Decrease Earnings Estimates for Torex Gold Resources Inc. (TSE:TXG)

Torex Gold Resources Inc. (TSE:TXG) – Analysts at Cormark lowered their Q1 2024 earnings estimates for shares of Torex Gold Resources in a research report issued to clients and investors on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will earn $0.52 per share for the quarter, down from their previous 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 a number of other reports. CIBC raised their price target on shares of Torex Gold Resources from C$21.00 to C$23.00 in a research note on Monday, April 15th. Canaccord Genuity Group raised their price target on shares of Torex Gold Resources from C$26.25 to C$28.50 in a research note on Tuesday. Finally, National Bankshares raised their price target on shares of Torex Gold Resources from C$25.00 to C$25.25 in a research note on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.16.

Torex Gold Resources Trading Up 0.1 %

Shares of Torex Gold Resources stock opened at C$19.60 on Wednesday. The firm has a market capitalization of C$1.69 billion, a PE ratio of 6.16, a P/E/G ratio of 0.02 and a beta of 1.18. Torex Gold Resources has a twelve month low of C$12.40 and a twelve month high of C$25.40. The firm’s 50-day moving average price is C$17.58 and its 200 day moving average price is C$15.28. The company has a current ratio of 1.44, a quick ratio of 2.12 and a debt-to-equity ratio of 2.14.

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

Insider Buying and Selling at Torex Gold Resources

In other Torex Gold Resources news, Director Rodrigo Sandoval Navarro acquired 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was bought at an average price of C$9.97 per share, for a total transaction of C$49,843.00. 0.22% of the stock is owned by 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.