What is Scotiabank’s Estimate for TSE:TXG FY2026 Earnings?

Torex Gold Resources Inc. (TSE:TXG) – Equities researchers at Scotiabank cut their FY2026 earnings estimates for Torex Gold Resources in a report released on Wednesday, July 15th. Scotiabank analyst E. Winmill now expects that the company will post earnings per share of $6.59 for the year, down from their previous forecast of $6.92. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

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

Torex Gold Resources Stock Performance

Shares of TXG opened at C$52.94 on Monday. The company has a current ratio of 1.37, a quick ratio of 2.12 and a debt-to-equity ratio of 4.01. 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 stock has a fifty day moving average price of C$58.86 and a 200-day moving average price of C$64.18.

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

Insider Buying and Selling

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

Torex Gold Resources Increases Dividend

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

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.