- Torex Gold Resources reported preliminary gold production of 119,412 ounces for the third quarter of 2024.
- The company has achieved year-to-date gold production of 348,728 ounces.
- Torex Gold is on track to meet its annual gold production guidance, which is set between 400,000 and 450,000 ounces.
- The full results will be released on November 6, 2024.
- Analyst recommendations for Torex Gold include 9 buys, 2 holds, and no sells.
A look at Torex Gold Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Investors looking at the long-term outlook for Torex Gold Resources will find a mixed bag of indicators according to the Smartkarma Smart Scores. With a solid Value score of 4, the company appears to be undervalued relative to its financial performance. However, the low Dividend score of 1 may not attract income-seeking investors. On the upside, Torex Gold Resources scores a respectable 3 in both Growth and Resilience, indicating potential for future expansion and a certain level of stability. The Momentum score of 5 is particularly impressive, suggesting strong market sentiment and positive price trends in the near term for the company.
Torex Gold Resources Inc., a dedicated mining company focusing on gold exploration, holds promise for investors based on its Smartkarma Smart Scores. Despite challenges in the dividend aspect, the company’s strong performance in value, growth, resilience, and momentum showcases a potential for growth and stability. With the Morelos Project in Mexico as a cornerstone for their operations, Torex Gold Resources is strategically positioned in the precious metal resources sector, providing a solid foundation for future success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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