Scotiabank Forecasts Lower Earnings for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Analysts at Scotiabank lowered their FY2026 earnings estimates for shares of Torex Gold Resources in a note issued to investors on Friday, April 17th. Scotiabank analyst E. Winmill now anticipates that the company will post earnings per share of $6.28 for the year, down from their previous forecast of $6.62. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Several other brokerages have also recently weighed in on TXG. Canadian Imperial Bank of Commerce raised their price target on shares of Torex Gold Resources from C$90.00 to C$100.00 in a research note on Wednesday, February 4th. TD Securities raised their price target on shares of Torex Gold Resources from C$78.00 to C$96.00 in a research note on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$80.67.

Torex Gold Resources Price Performance

Shares of TXG opened at C$62.15 on Tuesday. The stock has a market capitalization of C$5.93 billion, a P/E ratio of 13.72, a P/E/G ratio of 0.02 and a beta of 1.84. Torex Gold Resources has a twelve month low of C$38.80 and a twelve month high of C$85.00. The company has a 50 day moving average of C$66.46 and a 200-day moving average of C$65.71. The company has a quick ratio of 2.12, a current ratio of 1.16 and a debt-to-equity ratio of 8.34.

Torex Gold Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 19th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 5th. Torex Gold Resources’s dividend payout ratio is presently 2.37%.

About Torex Gold Resources

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.