FY2025 EPS Forecast for Torex Gold Resources Cut by Analyst

Torex Gold Resources Inc. (TSE:TXG) – Stock analysts at Scotiabank lowered their FY2025 earnings per share estimates for Torex Gold Resources in a research note issued to investors on Monday, June 9th. Scotiabank analyst E. Winmill now expects that the company will post earnings per share of $2.82 for the year, down from their previous forecast of $2.94. Scotiabank currently has a “Outperform” rating and a $50.00 target price on the stock. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Scotiabank also issued estimates for Torex Gold Resources’ FY2026 earnings at $3.87 EPS.

Several other analysts have also recently commented on the company. Cibc World Mkts upgraded Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. Desjardins set a C$60.00 price target on shares of Torex Gold Resources and gave the stock a “buy” rating in a research report on Thursday, June 5th. Royal Bank of Canada increased their price target on shares of Torex Gold Resources from C$50.00 to C$60.00 in a research note on Wednesday, June 4th. CIBC raised shares of Torex Gold Resources from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$42.00 to C$58.00 in a research note on Monday, April 14th. Finally, National Bankshares set a C$70.00 price objective on Torex Gold Resources and gave the stock an “outperform” rating in a report on Thursday, June 5th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$54.50.

Torex Gold Resources Stock Performance

Torex Gold Resources stock opened at C$45.75 on Thursday. The stock has a fifty day moving average price of C$43.66 and a 200 day moving average price of C$35.77. Torex Gold Resources has a 52 week low of C$19.01 and a 52 week high of C$49.07. The firm has a market capitalization of C$2.77 billion, a P/E ratio of 24.60, a PEG ratio of 0.02 and a beta of 1.34. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09.

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.