National Bank Financial Increases Torex Gold Resources’ FY2025 EPS Estimate

Torex Gold Resources Inc. (TSE:TXG – Free Report) has received an upward revision in earnings per share (EPS) estimates for the fiscal year 2025 from National Bank Financial. In a report published on February 10th, National Bank Financial analyst D. Demarco raised the forecast to $3.96 per share, a notable increase from the previous estimate of $3.53. This revision comes as the consensus for Torex Gold Resources’ full-year earnings stands at $3.63 per share.

In addition to National Bank's analysis, multiple research analysts have recently reassessed their price targets for Torex Gold Resources. Raymond James increased their price target from C$33.00 to C$34.00 on January 7th. Meanwhile, Royal Bank of Canada adjusted their target from C$34.00 to C$37.00 on December 6th. TD Securities also raised their price objective from C$34.00 to C$38.00 as of October 18th. Scotiabank and CIBC have similarly lifted their price targets, with Scotiabank raising its from C$33.00 to C$37.00 and CIBC from C$33.00 to C$34.50, reflecting a positive outlook from several quarters. Notably, four equity research analysts have rated the stock as a buy, and one has issued a strong buy rating. According to MarketBeat.com, the overall rating for Torex Gold Resources is currently “Buy”, with an average target price set at C$34.81.

Recent Price Performance of Torex Gold Resources

As of Thursday, Torex Gold Resources stock opened at C$34.35. The stock has experienced fluctuations over the past year, having a low of C$12.93 and a high of C$34.62. Financial indicators for the company include a debt-to-equity ratio of 8.09, a current ratio of 1.00, and a quick ratio of 2.12. The stock's 50-day and 200-day simple moving averages are C$29.44 and C$27.57, respectively. With a market capitalization of C$2.08 billion, the company has a price-to-earnings ratio of 18.47 and a price-to-earnings-growth ratio of 0.02, alongside a beta of 1.34, indicating moderate volatility in the stock's price.

Insider Activity at Torex Gold Resources

In recent insider activity, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of Torex Gold Resources on January 21st at an average price of C$28.97, resulting in a total transaction value of C$162,898.31. Conversely, Director Caroline Donally purchased 1,000 shares on January 20th at an average cost of C$27.91, totaling C$27,908.00 in that transaction. Notably, corporate insiders own approximately 0.35% of the company’s stock.

About Torex Gold Resources

Torex Gold Resources Inc. operates primarily as an intermediate gold producer in Mexico, holding a 100% interest in the Morelos Gold property. This property includes the Morelos Complex featuring the El Limón Guajes Mine Complex, the Media Luna Project, a processing plant, and associated infrastructure covering 29,000 hectares situated southwest of Mexico City.

Torex, Earnings, Analyst