Raymond James Raises Torex Gold Resources (TSE:TXG) Price Target to C$34.00

Torex Gold Resources (TSE:TXG) had its target price lifted by Raymond James from C$33.00 to C$34.00 in a report released on Tuesday morning,BayStreet.CA reports. Raymond James also issued estimates for Torex Gold Resources’ Q4 2024 earnings at $1.02 EPS, FY2024 earnings at $2.27 EPS, Q1 2025 earnings at $0.42 EPS, Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $1.06 EPS, Q4 2025 earnings at $1.19 EPS and FY2025 earnings at $3.48 EPS.

A number of other equities analysts have also weighed in on TXG. BMO Capital Markets upped their target price on shares of Torex Gold Resources from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. TD Securities increased their price objective on shares of Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Scotiabank lifted their target price on Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. National Bankshares raised Torex Gold Resources from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$31.25 to C$37.75 in a research note on Thursday, October 10th. Finally, National Bank Financial upgraded Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Torex Gold Resources presently has an average rating of “Buy” and a consensus price target of C$34.81.

Torex Gold Resources Price Performance

Shares of Torex Gold Resources stock opened at C$29.10 on Tuesday. The company has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 0.02 and a beta of 1.34. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. The stock’s 50-day simple moving average is C$28.84 and its 200-day simple moving average is C$26.04. Torex Gold Resources has a 52 week low of C$12.79 and a 52 week high of C$32.75.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.02 EPS for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The company had revenue of C$427.96 million for the quarter. As a group, analysts expect that Torex Gold Resources will post 3.6254502 earnings per share for the current fiscal year.

About Torex Gold Resources

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.