Scotiabank Has Negative Estimate for TSE:TXG FY2026 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Equities researchers at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for shares of Torex Gold Resources in a research note issued on Thursday, February 26th. Scotiabank analyst E. Winmill now anticipates that the company will post earnings per share of $6.62 for the year, down from their previous forecast of $6.87. 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 $8.06 EPS.

TXG has been the topic of a number of other reports. Canadian Imperial Bank of Commerce upped their price target on shares of Torex Gold Resources from C$90.00 to C$100.00 in a research note on Wednesday, February 4th. Royal Bank Of Canada boosted their price objective on shares of Torex Gold Resources from C$77.00 to C$94.00 in a report on Wednesday, December 10th. TD Securities upped their target price on shares of Torex Gold Resources from C$78.00 to C$96.00 in a research report on Thursday, January 22nd. Finally, National Bank Financial dropped their target price on shares of 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$78.10.

Torex Gold Resources Trading Up 4.7%

TSE:TXG opened at C$83.11 on Monday. 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 quick ratio of 2.12 and a current ratio of 1.00. The stock has a fifty day moving average price of C$69.45 and a two-hundred day moving average price of C$61.64. The stock has a market capitalization of C$7.99 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 0.02 and a beta of 1.13.

Torex Gold Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 19th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, March 5th.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, which is currently Mexico’s largest single gold producer.