Scotiabank Issues Optimistic Estimate for TSE:TXG Earnings

Torex Gold Resources Inc. (TSE:TXG) – Analysts at Scotiabank raised their FY2027 earnings estimates for shares of Torex Gold Resources in a report issued on Wednesday, July 15th. Scotiabank analyst E. Winmill now expects that the company will post earnings per share of $8.83 for the year, up from their previous estimate of $8.56. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Separately, National Bank Financial lifted their price target on shares of Torex Gold Resources from C$98.00 to C$101.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Torex Gold Resources currently has an average rating of “Buy” and a consensus target price of C$85.75.

Torex Gold Resources Stock Down 0.5%

TXG stock opened at C$52.94 on Friday. The firm has a market cap of C$4.94 billion, a PE ratio of 8.48, a P/E/G ratio of 0.02 and a beta of 1.95. Torex Gold Resources has a 12 month low of C$38.80 and a 12 month high of C$85.00. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.37 and a quick ratio of 2.12. The firm has a 50 day simple moving average of C$58.86 and a 200 day simple moving average of C$64.19.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$2.89 earnings per share (EPS) for the quarter. Torex Gold Resources had a net margin of 34.17% and a return on equity of 26.78%. The company had revenue of C$749.79 million for the quarter.

Torex Gold Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, June 4th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.64 dividend on an annualized basis and a yield of 1.2%. This is an increase from Torex Gold Resources’s previous quarterly dividend of $0.15. Torex Gold Resources’s dividend payout ratio (DPR) is 3.48%.

Insider Transactions at Torex Gold Resources

In related news, insider Daniel James Thomas Rollins acquired 850 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average price of C$61.51 per share, for a total transaction of C$52,283.50. Following the acquisition, the insider owned 13,926 shares in the company, valued at approximately C$856,588.26. This represents a 6.50% increase in their ownership of the stock. In the last 90 days, insiders bought 2,250 shares of company stock worth $137,030. 0.35% of the stock is currently owned by insiders.

About Torex Gold Resources

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.