Scotiabank Cuts Earnings Estimates for Torex Gold Resources

Key Points

• Scotiabank lowered its FY2026 EPS estimate for Torex Gold Resources to $5.77 from $5.85, though this remains above the broader consensus estimate of $3.63.
• Analyst sentiment remains generally positive: Torex has an average “Buy” rating and a consensus price target of C$92.80, with recent rating and target-price changes from several firms.
• Torex reported quarterly EPS of C$1.28 on C$578.12 million in revenue and pays a quarterly dividend of $0.16, equivalent to a 0.9% yield and a 5.12% payout ratio.

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Research analysts at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for Torex Gold Resources in a research report issued on Tuesday, October 13th. Scotiabank analyst E. Winmill now anticipates that the company will earn $5.77 per share 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.

A number of other research analysts also recently commented on TXG. ATB Cormark Capital Markets raised Torex Gold Resources from a "hold" rating to a "moderate buy" rating in a research note on Monday, September 28th. National Bank Financial increased their price objective on shares of Torex Gold Resources from C$85.00 to C$89.00 and gave the stock an "outperform" rating in a research note on Monday, September 21st. Finally, Canadian Imperial Bank of Commerce decreased their target price on shares of Torex Gold Resources from C$100.00 to C$90.00 in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating. According to MarketBeat, Torex Gold Resources currently has an average rating of "Buy" and a consensus price target of C$92.80.

Torex Gold Resources Stock Performance

TXG opened at C$70.84 on Thursday. The firm has a market cap of C$6.56 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 0.02 and a beta of 1.80. Torex Gold Resources has a 52-week low of C$51.40 and a 52-week high of C$85.00. The company has a debt-to-equity ratio of 3.86, a quick ratio of 2.12 and a current ratio of 1.38. The business's fifty day moving average is C$68.36 and its 200-day moving average is C$62.76.

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

Torex Gold Resources Announces Dividend

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

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.

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