Cormark Lowers Earnings Estimates for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Analysts at Cormark dropped their Q2 2025 earnings per share (EPS) estimates for shares of Torex Gold Resources in a research note issued to investors on Monday, June 9th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $1.05 for the quarter, down from their previous forecast of $1.40. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Cormark also issued estimates for Torex Gold Resources’ FY2025 earnings at $5.15 EPS.

A number of other equities research analysts have also commented on the company. Desjardins set a C$60.00 price target on Torex Gold Resources and gave the stock a “buy” rating in a research report on Thursday, June 5th. Royal Bank of Canada increased their target price on Torex Gold Resources from C$50.00 to C$60.00 in a report on Wednesday, June 4th. Scotiabank increased their target price on Torex Gold Resources from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. National Bankshares set a C$70.00 price target on Torex Gold Resources and gave the company an “outperform” rating in a report on Thursday, June 5th. Finally, CIBC upgraded shares of Torex Gold Resources from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$42.00 to C$58.00 in a research report on Monday, April 14th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$54.50.

Torex Gold Resources Price Performance

Shares of Torex Gold Resources stock opened at C$44.75 on Wednesday. The stock has a market capitalization of C$2.71 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 0.02 and a beta of 1.34. The firm’s 50-day moving average price is C$43.48 and its two-hundred day moving average price is C$35.67. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. Torex Gold Resources has a 1-year low of C$19.01 and a 1-year high of C$49.07.

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.