Scotiabank Has Negative Outlook of TSE:TXG FY2025 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Equities researchers at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for Torex Gold Resources in a research note issued to investors on Wednesday, February 11th. Scotiabank analyst E. Winmill now forecasts that the company will earn $3.37 per share for the year, down from their previous forecast of $3.45. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Scotiabank also issued estimates for Torex Gold Resources’ FY2027 earnings at $8.21 EPS.

Other research analysts also recently issued research reports about the stock. Canadian Imperial Bank of Commerce boosted their target price on shares of Torex Gold Resources from C$90.00 to C$100.00 in a research note on Wednesday, February 4th. TD Securities boosted their price objective on shares of Torex Gold Resources from C$78.00 to C$96.00 in a research report on Thursday, January 22nd. Royal Bank Of Canada raised their target price on shares of Torex Gold Resources from C$77.00 to C$94.00 in a research report on Wednesday, December 10th. Finally, National Bank Financial cut their price target on Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating for the company in a report on Tuesday, December 9th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Torex Gold Resources presently has an average rating of “Buy” and an average target price of C$78.10.

Torex Gold Resources Trading Up 2.3%

TSE:TXG opened at C$61.00 on Friday. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. The stock has a market cap of C$5.87 billion, a P/E ratio of 17.94, a P/E/G ratio of 0.02 and a beta of 1.13. Torex Gold Resources has a 1 year low of C$30.66 and a 1 year high of C$84.61. The stock has a 50-day simple moving average of C$68.34 and a 200-day simple moving average of C$59.52.

Torex Gold Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, December 4th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, November 20th.

About Torex Gold Resources

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project, which is at an advanced stage of exploration.