Scotiabank Issues Pessimistic Forecast for TSE:TXG Earnings

Torex Gold Resources Inc. (TSE:TXG) – Investment analysts at Scotiabank lowered their FY2025 earnings estimates for shares of Torex Gold Resources in a research note issued on Wednesday, February 11th. Scotiabank analyst E. Winmill now anticipates that the company will post earnings of $3.37 per share for the year, down from their prior estimate of $3.45. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Scotiabank also issued estimates for Torex Gold Resources’ FY2027 earnings at $8.21 EPS.

Other equities research analysts have also issued reports about the stock. Canadian Imperial Bank of Commerce boosted their price objective on shares of Torex Gold Resources from C$90.00 to C$100.00 in a report on Wednesday, February 4th. TD Securities increased their price objective on Torex Gold Resources from C$78.00 to C$96.00 in a research note on Thursday, January 22nd. Royal Bank Of Canada lifted 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. Finally, National Bank Financial dropped their price target 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 report on Tuesday, December 9th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$78.10.

Torex Gold Resources Price Performance

Shares of Torex Gold Resources stock opened at C$61.00 on Friday. The firm has a market capitalization of C$5.87 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 0.02 and a beta of 1.13. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. Torex Gold Resources has a 12 month low of C$30.66 and a 12 month high of C$84.61. The business’s 50-day moving average price is C$68.34 and its 200-day moving average price is C$59.39.

Torex Gold Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, December 4th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, November 20th.

About Torex Gold Resources

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.