Q1 Earnings Forecast for TSE:TXG Issued By Cormark

Equities analysts at Cormark recently released their earnings forecasts for Torex Gold Resources Inc. (TSE:TXG) for the first quarter of 2025. In a note to investors dated December 4, 2024, analyst R. Gray predicted that the company would achieve earnings of $0.59 per share during this period. In comparison, the consensus estimate for the company's earnings for the entire 2024 fiscal year stands at $3.63 per share.

Cormark's projections extend beyond Q1 2025, with Q2 earnings expected to be $1.15 per share, Q3 earnings at $1.18 per share, Q4 earnings also at $1.18 per share, and full-year earnings for 2025 projected at $4.09 per share.

Analyst Upgrades and Stock Ratings

Torex Gold Resources has garnered attention from several brokerage firms. Notable upgrades include National Bankshares, which raised its rating from "sector perform" to "outperform" and increased the target price for the stock from C$31.25 to C$37.75. Additionally, BMO Capital Markets adjusted their price target from C$29.00 to C$30.00 and affirmed an “outperform” rating.

Furthermore, National Bank Financial upgraded its rating on the stock from “hold” to “strong-buy” recently. Other firms like TD Securities and Scotiabank have also raised their price targets for the stock, indicating a generally positive outlook from analysts. At present, four research analysts have given the stock a buy rating, while one has issued a strong buy rating. According to MarketBeat.com, Torex Gold Resources holds an average rating of “Buy” with a consensus price target of C$34.03.

Market Performance Overview

As of the most recent trading session, shares of Torex Gold Resources opened at C$28.15. The stock has experienced a year range, reaching a low of C$12.79 and a high of C$32.75. The current market capitalization of Torex is C$2.42 billion, and it has a price-to-earnings ratio of 16.96.

The company last reported earnings on November 6, 2024, where it announced earnings of C$1.02 per share, surpassing the anticipated estimate of C$0.82 by a margin of C$0.20. This performance was highlighted by a return on equity of 7.12% and a net margin of 11.16%. The reported revenue for the quarter was C$427.96 million.

About Torex Gold Resources

Torex Gold Resources Inc. operates as an intermediate gold producer in Mexico, primarily focusing on its 100% owned Morelos Gold property. This property encompasses the Morelos Complex, which includes the El Limón Guajes Mine Complex, the Media Luna Project, a processing plant, and supporting infrastructure that spans over 29,000 hectares in the southwestern region near Mexico City.

Torex, Earnings, Forecast