Torex Gold Resources Inc reports results for the quarter ended in September 30 - Earnings Summary

Torex Resources

07/11/2024 04:12

* Torex Gold Resources Inc  TXG.TO  reported quarterly
adjusted
earnings of 75 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 13 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 62 cents per
share. Wall Street expected results to range from 56 cents to 68
cents per share.
    * Revenue was $313.70 million​; analysts expected $307.00
million. 
    * Torex Gold Resources Inc's reported EPS for the quarter
was 34
cents​.
    * Torex Gold Resources Inc shares had risen by 14.1% this
quarter and gained 101.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.2%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"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 35.00 
This summary was machine generated from LSEG data November 7 at
04:11 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
 Sep. 30 2024      1.46           1.71           Beat
 Jun. 30 2024      0.97           1.12           Beat
 Mar. 31 2024      0.65           0.92           Beat
 Dec. 31 2023      1.40           1.38           Missed