Scotiabank Analysts Decrease Earnings Estimates for TSE:TXG

Torex Gold Resources Inc. (TSE:TXG) – Scotiabank lowered their FY2026 earnings per share estimates for shares of Torex Gold Resources in a research report issued on Thursday, February 26th. Scotiabank analyst E. Winmill now forecasts that the company will earn $6.62 per share for the year, down from their prior estimate of $6.87. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Scotiabank also issued estimates for Torex Gold Resources’ FY2027 earnings at $8.06 EPS.

Several other equities research analysts also recently commented on TXG. Canadian Imperial Bank of Commerce boosted their target price on shares of Torex Gold Resources from C$90.00 to C$100.00 in a research note on Wednesday, February 4th. TD Securities boosted their price target on shares of Torex Gold Resources from C$78.00 to C$96.00 in a research report on Thursday, January 22nd. National Bank Financial decreased their price objective on shares of Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada raised their price objective on shares of Torex Gold Resources from C$77.00 to C$94.00 in a report on Wednesday, December 10th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Torex Gold Resources presently has a consensus rating of “Buy” and an average price target of C$78.10.

Torex Gold Resources Stock Performance

Shares of TSE:TXG opened at C$76.06 on Monday. The company has a debt-to-equity ratio of 8.34, a current ratio of 1.16 and a quick ratio of 2.12. The business’s fifty day moving average price is C$69.85 and its two-hundred day moving average price is C$62.17. Torex Gold Resources has a fifty-two week low of C$30.66 and a fifty-two week high of C$85.00. The stock has a market capitalization of C$7.32 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 0.02 and a beta of 1.13.

Torex Gold Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 19th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, March 5th. Torex Gold Resources’s dividend payout ratio (DPR) is presently 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.