FY2025 Earnings Forecast for TSE:TXG Issued By Scotiabank

Torex Gold Resources Inc. (TSE:TXG) – Stock analysts at Scotiabank cut their FY2025 earnings estimates for Torex Gold Resources in a research note issued to investors on Friday, January 23rd. Scotiabank analyst E. Winmill now forecasts that the company will post earnings of $4.77 per share for the year, down from their prior forecast of $5.02. 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 $6.51 EPS.

A number of other analysts also recently issued reports on the company. CIBC lifted their target price on Torex Gold Resources from C$66.00 to C$90.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Canaccord Genuity Group raised their price target on Torex Gold Resources from C$64.00 to C$77.00 in a research note on Thursday, October 2nd. TD Securities boosted their price target on Torex Gold Resources from C$78.00 to C$96.00 in a research report on Thursday. National Bankshares dropped their price objective on Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada raised their target price on shares of Torex Gold Resources from C$77.00 to C$94.00 in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$72.60.

Torex Gold Resources Trading Up 1.1%

Shares of TSE:TXG opened at C$80.01 on Monday. The company’s 50-day moving average price is C$66.79 and its two-hundred day moving average price is C$56.98. Torex Gold Resources has a one year low of C$28.97 and a one year high of C$81.36. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12. The stock has a market capitalization of C$7.70 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 0.02 and a beta of 1.28.

Torex Gold Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, November 20th.

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.