Torex Gold Q2 adjusted EBITDA misses analyst expectations
Overview
Torex Gold Q2 revenue at $253.9 mln, net income $83.2 mln
Adjusted EBITDA of $117.7 mln missed analyst expectations, per LSEG data
Outlook
Torex targets lower end of 400,000-450,000 oz AuEq production guidance
Company expects all-in sustaining costs at upper end of $1,400-$1,600/oz AuEq
Torex anticipates increasing positive free cash flow through 2025
Result Drivers
MEDIA LUNA RAMP-UP - Declared commercial production at Media Luna on May 1, contributing to increased production
UNPLANNED DOWNTIME - Experienced 10 days of unplanned downtime in May
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $253.90 mln |
|
Q2 Adjusted Net Income |
| $43.80 mln |
|
Q2 Net Income |
| $83.20 mln |
|
Q2 Adjusted EBITDA | Miss | $117.70 mln | $127 mln (1 Analyst) |
Q2 EBITDA |
| $114.10 mln |
|
Q2 Free Cash Flow |
| -$37.50 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for Torex Gold Resources Inc is C$64.00, about 34.3% above its August 6 closing price of C$42.08
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nNFC2qmGdW
