Scotiabank Has Bearish Forecast for TSE:TXG FY2025 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Equities researchers at Scotiabank lowered their FY2025 earnings estimates for shares of Torex Gold Resources in a report issued on Tuesday, July 15th. Scotiabank analyst E. Winmill now anticipates that the company will post earnings of $2.54 per share for the year, down from their previous forecast of $2.82. Scotiabank has a “Outperform” rating and a $50.00 price objective on the stock. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Scotiabank also issued estimates for Torex Gold Resources’ FY2026 earnings at $3.81 EPS.

Several other analysts have also recently issued reports on TXG. TD Securities upped their target price on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday, April 15th. BMO Capital Markets upped their target price on shares of Torex Gold Resources from C$44.00 to C$56.00 in a research note on Friday, May 2nd. Cormark upped their target price on shares of Torex Gold Resources from C$46.00 to C$55.00 in a research note on Monday, April 14th. Royal Bank Of Canada increased their price objective on shares of Torex Gold Resources from C$60.00 to C$65.00 in a research note on Thursday, June 12th. Finally, Raymond James Financial raised their target price on shares of Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$55.00.

Torex Gold Resources Stock Up 0.8%

Shares of TXG stock opened at C$42.82 on Friday. The company’s fifty day simple moving average is C$44.11 and its two-hundred day simple moving average is C$38.57. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. The stock has a market cap of C$2.60 billion, a P/E ratio of 23.02, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 52 week low of C$19.01 and a 52 week high of C$49.25.

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.