Cormark Expects Stronger Earnings for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Equities research analysts at Cormark boosted their FY2025 earnings estimates for shares of Torex Gold Resources in a research note issued on Monday, November 10th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $6.16 for the year, up from their prior forecast of $5.27. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Cormark also issued estimates for Torex Gold Resources’ Q4 2025 earnings at $3.19 EPS, FY2026 earnings at $8.99 EPS and FY2027 earnings at $9.65 EPS.

A number of other brokerages also recently commented on TXG. TD Securities decreased their target price on Torex Gold Resources from C$64.00 to C$62.00 and set a “buy” rating for the company in a report on Friday, August 8th. Raymond James Financial increased their price objective on Torex Gold Resources from C$55.00 to C$58.00 in a report on Thursday, August 21st. National Bankshares raised their price objective on Torex Gold Resources from C$75.00 to C$86.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. CIBC boosted their target price on shares of Torex Gold Resources from C$66.00 to C$90.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Canaccord Genuity Group increased their price target on shares of Torex Gold Resources from C$64.00 to C$77.00 in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$66.40.

Torex Gold Resources Stock Performance

Shares of TSE:TXG opened at C$63.81 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The company has a 50-day moving average price of C$57.95 and a 200-day moving average price of C$48.64. The company has a market cap of C$6.13 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 0.02 and a beta of 1.04. Torex Gold Resources has a 12 month low of C$26.29 and a 12 month high of C$69.27.

Torex Gold Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, November 20th. This represents a $0.60 annualized dividend and a dividend yield of 0.9%.

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.