TSE:TXG FY2024 EPS Lifted by National Bank Financial

Torex Gold Resources Inc. (TSE:TXG) – Stock analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for Torex Gold Resources in a note issued to investors on Monday, February 10th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $3.52 per share for the year, up from their prior forecast of $3.34. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. National Bank Financial also issued estimates for Torex Gold Resources’ Q4 2024 earnings at $0.96 EPS.

Several other research firms have also issued reports on TXG. CIBC increased their price target on shares of Torex Gold Resources from C$33.00 to C$34.50 in a research report on Monday, December 2nd. Raymond James upped their target price on Torex Gold Resources from C$33.00 to C$34.00 in a research note on Tuesday, January 7th. Scotiabank lifted their price target on Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st. Royal Bank of Canada upped their price objective on Torex Gold Resources from C$34.00 to C$37.00 in a research report on Friday, December 6th. Finally, TD Securities raised their price objective on Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Torex Gold Resources presently has an average rating of “Buy” and a consensus target price of C$34.81.

Torex Gold Resources Price Performance

TXG stock opened at C$34.08 on Wednesday. The company’s 50-day moving average price is C$29.33 and its two-hundred day moving average price is C$27.40. The firm has a market cap of C$2.93 billion, a P/E ratio of 20.53, a P/E/G ratio of 0.02 and a beta of 1.34. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. Torex Gold Resources has a 12 month low of C$12.79 and a 12 month high of C$34.39.

Insiders Place Their Bets

In related news, Director Caroline Donally bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 20th. The shares were acquired at an average cost of C$27.91 per share, with a total value of C$27,908.00. Also, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of C$28.97, for a total transaction of C$162,898.31. In the last ninety days, insiders acquired 2,000 shares of company stock worth $55,927. Company insiders own 0.35% of the company’s stock.

About Torex Gold Resources

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.