Torex Gold Resources (TSE:TXG) Price Target Raised to C$55.00

Torex Gold Resources (TSE:TXG) had its target price lifted by Raymond James Financial from C$47.00 to C$55.00 in a research report report published on Tuesday morning,BayStreet.CA reports. Raymond James Financial also issued estimates for Torex Gold Resources’ Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $1.64 EPS, Q4 2025 earnings at $1.82 EPS, FY2025 earnings at $4.75 EPS, Q1 2026 earnings at $1.44 EPS, Q2 2026 earnings at $1.47 EPS, Q3 2026 earnings at $1.52 EPS, Q4 2026 earnings at $1.56 EPS and FY2026 earnings at $5.99 EPS.

TXG has been the subject of several other research reports. Cibc World Mkts raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Desjardins set a C$60.00 target price on shares of Torex Gold Resources and gave the stock a “buy” rating in a research note on Thursday, June 5th. Royal Bank Of Canada increased their target price on shares of Torex Gold Resources from C$60.00 to C$65.00 in a research note on Thursday, June 12th. CIBC upgraded shares of Torex Gold Resources from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$42.00 to C$58.00 in a research note on Monday, April 14th. Finally, BMO Capital Markets increased their target price on shares of Torex Gold Resources from C$44.00 to C$56.00 in a research note on Friday, May 2nd. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$59.00.

Torex Gold Resources Price Performance

Shares of TSE:TXG opened at C$39.03 on Tuesday. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. The firm has a market capitalization of C$2.37 billion, a PE ratio of 20.99, a P/E/G ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a twelve month low of C$19.01 and a twelve month high of C$49.25. The company has a 50-day moving average price of C$44.15 and a two-hundred day moving average price of C$39.39.

About Torex Gold Resources

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.