Scotiabank Cuts Earnings Estimates for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Scotiabank decreased their FY2026 earnings per share (EPS) estimates for shares of Torex Gold Resources in a research note issued to investors on Thursday, February 26th. Scotiabank analyst E. Winmill now forecasts that the company will earn $6.62 per share for the year, down from their prior forecast of $6.87. 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 $8.06 EPS.

Several other analysts also recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Torex Gold Resources from C$77.00 to C$94.00 in a research report on Wednesday, December 10th. National Bank Financial lowered their price objective on shares of Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 9th. TD Securities upped their target price on shares of Torex Gold Resources from C$78.00 to C$96.00 in a report on Thursday, January 22nd. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of Torex Gold Resources from C$90.00 to C$100.00 in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, Torex Gold Resources has a consensus rating of “Buy” and an average price target of C$78.10.

Torex Gold Resources Price Performance

TXG stock opened at C$83.11 on Monday. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The company has a market capitalization of C$7.99 billion, a P/E ratio of 24.44, a PEG ratio of 0.02 and a beta of 1.13. The business has a 50 day simple moving average of C$69.45 and a 200-day simple moving average of C$61.64. Torex Gold Resources has a twelve month low of C$30.66 and a twelve month high of C$84.61.

Torex Gold Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 19th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.7%.

Torex Gold Resources Company Profile

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.