Cormark Predicts Increased Earnings for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Cormark increased their Q4 2025 earnings per share estimates for shares of Torex Gold Resources in a report issued on Friday, October 10th. Cormark analyst R. Gray now forecasts that the company will post earnings of $1.93 per share for the quarter, up from their previous forecast of $1.81. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Several other research firms have also recently commented on TXG. TD Securities cut their price target on Torex Gold Resources from C$64.00 to C$62.00 and set a “buy” rating for the company in a research note on Friday, August 8th. National Bankshares upped their price objective on shares of Torex Gold Resources from C$71.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Canaccord Genuity Group raised their target price on shares of Torex Gold Resources from C$64.00 to C$77.00 in a research note on Thursday, October 2nd. Desjardins lifted their target price on shares of Torex Gold Resources from C$63.00 to C$65.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Finally, Raymond James Financial boosted their price target on shares of Torex Gold Resources from C$55.00 to C$58.00 in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$62.10.

Torex Gold Resources Stock Up 2.2%

Torex Gold Resources stock opened at C$62.11 on Monday. The stock has a 50 day moving average of C$50.63 and a two-hundred day moving average of C$45.84. Torex Gold Resources has a twelve month low of C$26.29 and a twelve month high of C$64.00. The stock has a market capitalization of C$5.35 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 0.02 and a beta of 0.87. 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.