Scotiabank Forecasts Lower Earnings for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Scotiabank decreased their FY2026 earnings per share estimates for Torex Gold Resources in a report released on Wednesday, February 11th. Scotiabank analyst E. Winmill now forecasts that the company will post earnings per share of $6.87 for the year, down from their previous estimate of $6.94. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

TXG has been the subject of several other reports. TD Securities upped their price target 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 increased their price objective on Torex Gold Resources from C$77.00 to C$94.00 in a report on Wednesday, December 10th. Canadian Imperial Bank of Commerce raised their target price on Torex Gold Resources from C$90.00 to C$100.00 in a research report on Wednesday, February 4th. Finally, National Bank Financial reduced their price target on Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 9th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Torex Gold Resources has an average rating of “Buy” and an average target price of C$78.10.

Torex Gold Resources Stock Performance

Torex Gold Resources stock opened at C$61.00 on Monday. The business has a 50 day moving average of C$68.34 and a 200-day moving average of C$59.67. The company has a market capitalization 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 company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12.

Torex Gold Resources Announces Dividend

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

Torex Gold Resources Company Profile

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.