Scotiabank Cuts Earnings Estimates for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Research analysts at Scotiabank lowered their FY2026 earnings estimates for Torex Gold Resources in a research report issued to clients and investors on Tuesday, October 13th. Scotiabank analyst E. Winmill now anticipates that the company will post earnings per share of $5.77 for the year, down from their prior forecast of $5.85. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.28 earnings per share (EPS) for the quarter. Torex Gold Resources had a net margin of 33.02% and a return on equity of 25.62%. The company had revenue of C$578.12 million during the quarter.

A number of other equities research analysts have also weighed in on TXG. Canadian Imperial Bank of Commerce reduced their price objective on Torex Gold Resources from C$100.00 to C$90.00 in a research report on Friday, August 7th. ATB Cormark Capital Markets upgraded Torex Gold Resources from a “hold” rating to a “moderate buy” rating in a research report on Monday, September 28th. Finally, National Bank Financial lifted their price target on Torex Gold Resources from C$85.00 to C$89.00 and gave the company an “outperform” rating in a research note on Monday, September 21st. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Torex Gold Resources currently has a consensus rating of “Buy” and an average target price of C$92.80.

Torex Gold Resources Trading Down 5.8%

TSE TXG opened at C$70.84 on Thursday. The company has a quick ratio of 2.12, a current ratio of 1.38 and a debt-to-equity ratio of 3.86. Torex Gold Resources has a twelve month low of C$51.40 and a twelve month high of C$85.00. The company has a market cap of C$6.56 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 0.02 and a beta of 1.80. The business’s fifty day moving average is C$68.36 and its 200 day moving average is C$62.76.

Torex Gold Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, September 4th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, August 21st. Torex Gold Resources’s dividend payout ratio is 5.12%.

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.