Desjardins Has Positive Outlook for TSE:TXG FY2025 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Research analysts at Desjardins boosted their FY2025 EPS estimates for Torex Gold Resources in a research note issued to investors on Wednesday, November 5th. Desjardins analyst A. Carson now expects that the company will post earnings of $5.17 per share for the year, up from their prior estimate of $4.20. Desjardins currently has a “Buy” rating and a $65.00 target price on the stock. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Desjardins also issued estimates for Torex Gold Resources’ FY2027 earnings at $7.52 EPS.

Several other equities research analysts also recently issued reports on the company. Raymond James Financial raised their price target on Torex Gold Resources from C$55.00 to C$58.00 in a research report on Thursday, August 21st. Canaccord Genuity Group increased their target price on Torex Gold Resources from C$64.00 to C$77.00 in a research note on Thursday, October 2nd. TD Securities lowered their target price on Torex Gold Resources from C$64.00 to C$62.00 and set a “buy” rating on the stock in a report on Friday, August 8th. CIBC lifted their price target on Torex Gold Resources from C$66.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, National Bankshares upped their price target on Torex Gold Resources from C$75.00 to C$86.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$66.40.

Torex Gold Resources Stock Performance

Shares of TXG opened at C$63.81 on Monday. The company has a market capitalization of C$6.13 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 0.02 and a beta of 1.04. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12. Torex Gold Resources has a one year low of C$26.29 and a one year high of C$69.27. The company’s fifty day moving average price is C$57.95 and its 200 day moving average price is C$48.64.

Torex Gold Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 20th.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala.