Scotiabank Predicts Lower Earnings for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Equities researchers at Scotiabank reduced their FY2026 earnings per share estimates for shares of Torex Gold Resources in a note issued to investors on Friday, May 1st. Scotiabank analyst E. Winmill now expects that the company will post earnings per share of $6.34 for the year, down from their previous forecast of $6.36. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Several other equities research analysts have also recently weighed in on TXG. TD Securities increased their price objective on Torex Gold Resources from C$78.00 to C$96.00 in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce increased their price objective on Torex Gold Resources from C$90.00 to C$100.00 in a report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$83.75.

Torex Gold Resources Trading Up 0.8%

TSE TXG opened at C$55.42 on Tuesday. Torex Gold Resources has a fifty-two week low of C$38.80 and a fifty-two week high of C$85.00. The company has a debt-to-equity ratio of 8.34, a quick ratio of 2.12 and a current ratio of 1.16. The stock has a 50 day simple moving average of C$66.14 and a two-hundred day simple moving average of C$65.56. The stock has a market cap of C$5.29 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 0.02 and a beta of 1.84.

Torex Gold Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 19th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, March 5th. Torex Gold Resources’s dividend payout ratio (DPR) 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.