Torex Gold Resources Inc reports results for the quarter ended in June - Earnings Summary

Torex Resources

08/08/2024 01:27

* Torex Gold Resources Inc  TXG.TO  reported quarterly
adjusted
earnings of 60 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 44 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 48 cents per
share. Wall Street expected results to range from 42 cents to 53
cents per share.
    * Revenue was $270.30 million​; analysts expected $269.00
thousand. 
    * Torex Gold Resources Inc's reported EPS for the quarter
was 2
cents​.
    * Torex Gold Resources Inc shares had fallen by 6.9% this
quarter and gained 35.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.5%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the gold peer
group is
also "buy"

Wall Street's median 12-month price target for Torex Gold
Resources Inc is C$29.00 
This summary was machine generated from LSEG data August 8 at
12:26 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       0.97           1.12           Beat
 Mar. 31 2024      0.65           0.92           Beat
 Dec. 31 2023                     1.38           
 Sep. 30 2023                     0.51