Scotiabank Analysts Decrease Earnings Estimates for TSE:TXG

Torex Gold Resources Inc. (TSE:TXG) – Investment analysts at Scotiabank cut their FY2025 earnings per share (EPS) estimates for shares of Torex Gold Resources in a research note issued on Friday, January 23rd. Scotiabank analyst E. Winmill now forecasts that the company will post earnings per share of $4.77 for the year, down from their previous forecast of $5.02. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Scotiabank also issued estimates for Torex Gold Resources’ FY2026 earnings at $6.51 EPS.

A number of other analysts also recently weighed in on TXG. CIBC boosted their target price on shares of Torex Gold Resources from C$66.00 to C$90.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Royal Bank Of Canada upped their price objective on Torex Gold Resources from C$77.00 to C$94.00 in a research report on Wednesday, December 10th. TD Securities lifted their target price on Torex Gold Resources from C$78.00 to C$96.00 in a report on Thursday, January 22nd. National Bankshares decreased their price target on Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating on the stock in a report on Tuesday, December 9th. Finally, Canaccord Genuity Group lifted their price objective on shares of Torex Gold Resources from C$64.00 to C$77.00 in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, Torex Gold Resources presently has a consensus rating of “Buy” and a consensus price target of C$77.10.

Torex Gold Resources Trading Down 0.0%

Shares of TXG opened at C$80.15 on Monday. The stock has a market capitalization of C$7.71 billion, a PE ratio of 23.57, a P/E/G ratio of 0.02 and a beta of 1.28. The company’s fifty day moving average is C$67.47 and its 200 day moving average is C$57.49. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. Torex Gold Resources has a fifty-two week low of C$28.97 and a fifty-two week high of C$84.61.

Torex Gold Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.7%.

About Torex Gold Resources

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project, which is at an advanced stage of exploration.