Torex Gold Resources Inc.

OTCPK:TORX.F Stock Report

Market Cap: US$1.9b

Torex Gold Resources Valuation

Is TORX.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TORX.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TORX.F ($22.25) is trading below our estimate of fair value ($92.49)

Significantly Below Fair Value: TORX.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TORX.F?

Key metric: As TORX.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TORX.F. This is calculated by dividing TORX.F's market cap by their current earnings.
What is TORX.F's PE Ratio?
PE Ratio15.3x
EarningsUS$124.60m
Market CapUS$1.92b

Price to Earnings Ratio vs Peers

How does TORX.F's PE Ratio compare to its peers?

The above table shows the PE ratio for TORX.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.9x
BVN Compañía de Minas BuenaventuraA
8.3x-1.6%US$3.1b
DRD DRDGOLD
11.4xn/aUS$833.9m
MUX McEwen Mining
4.3x-106.9%US$450.9m
AU AngloGold Ashanti
19.4x36.5%US$10.6b
TORX.F Torex Gold Resources
15.3x39.0%US$2.7b

Price-To-Earnings vs Peers: TORX.F is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (10.9x).

Price to Earnings Ratio vs Industry

How does TORX.F's PE Ratio compare vs other companies in the US Metals and Mining Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VITF.F Victoria Gold
2.1xn/aUS$23.43m
BMXI Brookmount Explorations
0.5xn/aUS$5.42m
RMRI Rocky Mountain Industrials
0.9xn/aUS$1.76m
ZCRM.F Zincore Metals
0.5xn/aUS$852.33k
TORX.F 15.3xIndustry Avg. 19.9xNo. of Companies7PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TORX.F is good value based on its Price-To-Earnings Ratio (15.3x) compared to the US Metals and Mining industry average (19.9x).

Price to Earnings Ratio vs Fair Ratio

What is TORX.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TORX.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.3x
Fair PE Ratio30.3x

Price-To-Earnings vs Fair Ratio: TORX.F is good value based on its Price-To-Earnings Ratio (15.3x) compared to the estimated Fair Price-To-Earnings Ratio (30.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TORX.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$22.25
US$25.96
+16.7%
9.0%US$30.78US$22.34n/a11
Nov ’25US$21.57
US$25.56
+18.5%
9.4%US$30.88US$22.41n/a11
Oct ’25US$19.33
US$24.05
+24.4%
9.0%US$28.28US$19.35n/a11
Sep ’25US$19.31
US$22.08
+14.3%
11.2%US$27.92US$19.10n/a10
Aug ’25US$15.47
US$21.10
+36.4%
8.7%US$24.62US$18.82n/a9
Jul ’25US$15.28
US$20.52
+34.3%
10.8%US$24.82US$16.79n/a9
Jun ’25US$15.50
US$20.05
+29.4%
11.8%US$24.79US$16.77n/a8
May ’25US$14.25
US$19.10
+34.0%
13.4%US$24.89US$16.84n/a8
Apr ’25US$14.48
US$17.57
+21.3%
13.4%US$22.11US$13.63n/a8
Mar ’25US$11.17
US$17.59
+57.5%
13.5%US$22.25US$13.72n/a8
Feb ’25US$10.49
US$17.59
+67.7%
13.5%US$22.25US$13.72n/a8
Jan ’25US$11.02
US$17.48
+58.6%
15.0%US$22.22US$13.52n/a8
Dec ’24US$11.49
US$17.34
+50.9%
15.4%US$22.23US$13.52n/a8
Nov ’24US$9.63
US$17.53
+82.0%
17.2%US$23.30US$13.84US$21.577
Oct ’24US$10.42
US$18.54
+78.0%
13.7%US$23.60US$15.86US$19.337
Sep ’24US$11.24
US$18.50
+64.6%
14.4%US$23.68US$15.54US$19.317
Aug ’24US$13.52
US$19.09
+41.2%
14.3%US$24.30US$15.95US$15.477
Jul ’24US$14.21
US$18.72
+31.8%
15.5%US$23.76US$14.85US$15.287
Jun ’24US$16.04
US$18.72
+16.7%
15.5%US$23.76US$14.85US$15.507
May ’24US$16.38
US$18.54
+13.2%
15.5%US$23.47US$14.67US$14.257
Apr ’24US$16.58
US$17.25
+4.1%
13.5%US$21.44US$14.79US$14.486
Mar ’24US$13.10
US$16.69
+27.4%
13.5%US$21.31US$14.70US$11.177
Feb ’24US$14.30
US$16.99
+18.8%
15.0%US$21.82US$13.92US$10.497
Jan ’24US$11.50
US$14.80
+28.7%
17.7%US$19.92US$11.43US$11.029
Dec ’23US$9.82
US$14.98
+52.6%
17.6%US$20.28US$11.64US$11.499
Nov ’23US$7.04
US$14.54
+106.6%
17.5%US$19.69US$10.94US$9.639

Analyst Forecast: Target price is less than 20% higher than the current share price.

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