Cormark Lowers Earnings Estimates for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Equities researchers at Cormark lowered their Q1 2025 earnings estimates for shares of Torex Gold Resources in a report issued on Tuesday, February 25th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.36 for the quarter, down from their previous forecast of $0.45. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Cormark also issued estimates for Torex Gold Resources’ Q2 2025 earnings at $0.97 EPS, FY2026 earnings at $3.99 EPS and FY2027 earnings at $4.53 EPS.

A number of other research analysts have also issued reports on the company. Raymond James boosted their price target on Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. CIBC upped their price objective on shares of Torex Gold Resources from C$36.00 to C$42.00 in a report on Friday, February 21st. BMO Capital Markets raised their target price on shares of Torex Gold Resources from C$36.00 to C$38.00 in a research note on Thursday, February 20th. Royal Bank of Canada upped their price target on shares of Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. Finally, Scotiabank increased their price objective on shares of Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$36.53.

Torex Gold Resources Stock Performance

Shares of TSE TXG opened at C$31.66 on Wednesday. Torex Gold Resources has a 12-month low of C$13.30 and a 12-month high of C$35.89. The company has a market cap of C$1.92 billion, a PE ratio of 17.02, a P/E/G ratio of 0.02 and a beta of 1.34. The stock has a 50 day simple moving average of C$30.31 and a 200-day simple moving average of C$28.24. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09.

Insiders Place Their Bets

In related news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of Torex Gold Resources stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31. Also, Director Caroline Donally acquired 1,000 shares of Torex Gold Resources stock in a transaction on Monday, January 20th. The shares were purchased at an average cost of C$27.91 per share, with a total value of C$27,908.00. 0.35% of the stock is currently owned by company insiders.

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.