Scotiabank Has Optimistic Outlook of TSE:TXG FY2027 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Research analysts at Scotiabank boosted their FY2027 earnings estimates for shares of Torex Gold Resources in a report released on Friday, April 17th. Scotiabank analyst E. Winmill now anticipates that the company will post earnings of $8.28 per share for the year, up from their prior estimate of $8.06. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

A number of other brokerages also recently issued reports on TXG. 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 research report on Wednesday, February 4th. TD Securities boosted their price objective on shares of Torex Gold Resources from C$78.00 to C$96.00 in a research report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Torex Gold Resources currently has a consensus rating of “Buy” and a consensus price target of C$80.67.

Torex Gold Resources Stock Up 1.0%

Shares of Torex Gold Resources stock opened at C$62.77 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 2.12 and a debt-to-equity ratio of 8.34. The company’s fifty day simple moving average is C$66.41 and its two-hundred day simple moving average is C$65.69. The company has a market cap of C$5.99 billion, a P/E ratio of 13.86, a PEG ratio of 0.02 and a beta of 1.84. Torex Gold Resources has a 12-month low of C$38.80 and a 12-month high of C$85.00.

Torex Gold Resources Announces Dividend

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

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.