Scotiabank Issues Positive Forecast for Torex Gold Resources (TSE:TXG) Stock Price

Torex Gold Resources (TSE:TXG) had its price objective lifted by Scotiabank from C$72.00 to C$95.00 in a research note published on Monday morning,BayStreet.CA reports. Scotiabank also issued estimates for Torex Gold Resources’ FY2025 earnings at $4.77 EPS and FY2026 earnings at $6.51 EPS.

TXG has been the subject of a number of other research reports. National Bankshares decreased 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 research note on Tuesday, December 9th. Royal Bank Of Canada raised their price objective on Torex Gold Resources from C$77.00 to C$94.00 in a research report on Wednesday, December 10th. CIBC lifted their price objective on Torex Gold Resources from C$66.00 to C$90.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Canaccord Genuity Group increased their target price on Torex Gold Resources from C$64.00 to C$77.00 in a research note on Thursday, October 2nd. Finally, TD Securities raised their price target on Torex Gold Resources from C$78.00 to C$96.00 in a report on Thursday, January 22nd. One equities research 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 an average target price of C$77.10.

Torex Gold Resources Stock Up 0.2%

TSE:TXG opened at C$80.18 on Monday. 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 firm’s 50-day moving average price is C$67.14 and its 200-day moving average price is C$57.23. The company has a market capitalization of C$7.71 billion, a PE ratio of 23.58, a P/E/G ratio of 0.02 and a beta of 1.28. Torex Gold Resources has a 1-year low of C$28.97 and a 1-year high of C$84.61.

Torex Gold Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%.

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.