Scotiabank Has Positive Outlook for TSE:TXG FY2027 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Investment analysts at Scotiabank raised their FY2027 earnings per share estimates for shares of Torex Gold Resources in a research report issued to clients and investors on Wednesday, July 15th. Scotiabank analyst E. Winmill now anticipates that the company will post earnings per share of $8.83 for the year, up from their previous forecast of $8.56. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$2.89 EPS for the quarter. Torex Gold Resources had a return on equity of 26.78% and a net margin of 34.17%.The business had revenue of C$749.79 million during the quarter.

Separately, National Bank Financial increased their price target on shares of Torex Gold Resources from C$98.00 to C$101.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$85.75.

Torex Gold Resources Price Performance

Shares of TXG opened at C$52.94 on Friday. The stock has a market cap of C$4.94 billion, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 0.02 and a beta of 1.95. Torex Gold Resources has a 1 year low of C$38.80 and a 1 year high of C$85.00. The stock’s 50-day moving average price is C$58.86 and its two-hundred day moving average price is C$64.19. The company has a current ratio of 1.37, a quick ratio of 2.12 and a debt-to-equity ratio of 4.01.

Insider Activity at Torex Gold Resources

In other Torex Gold Resources news, insider Daniel James Thomas Rollins purchased 850 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average price of C$61.51 per share, with a total value of C$52,283.50. Following the completion of the transaction, the insider directly owned 13,926 shares in the company, valued at C$856,588.26. This trade represents a 6.50% increase in their position. Insiders bought a total of 2,250 shares of company stock worth $137,030 over the last quarter. Company insiders own 0.35% of the company’s stock.

Torex Gold Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.2%. This is an increase from Torex Gold Resources’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, May 21st. Torex Gold Resources’s dividend payout ratio is currently 3.48%.

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.