Scotiabank Has Bullish Estimate for TSE:TXG FY2027 Earnings

Key Points

• Scotiabank raised its FY2027 EPS forecast for Torex Gold Resources to C$7.59 from C$7.48, well above the current full-year consensus estimate of C$3.63.
• Analyst sentiment remains positive: Torex has an average “Buy” rating and an average target price of C$92.80, with National Bank recently raising its target to C$89 and ATB Cormark upgrading the stock to “moderate buy.”
• Torex shares opened at C$74.06, up 4.5%, while the company reported C$1.28 quarterly EPS, C$578.12 million in revenue, and a quarterly dividend of C$0.16 per share.

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Stock analysts at Scotiabank raised their FY2027 earnings estimates for Torex Gold Resources in a report released on Tuesday, October 13th. Scotiabank analyst E. Winmill now forecasts that the company will earn $7.59 per share for the year, up from their prior estimate of $7.48. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.

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

Torex Gold Resources Stock Up 4.5%

Shares of TSE TXG opened at C$74.06 on Friday. The company has a market capitalization of C$6.86 billion, a P/E ratio of 11.38, a P/E/G ratio of 0.02 and a beta of 1.80. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.38 and a quick ratio of 2.12. The company has a 50 day simple moving average of C$68.65 and a 200-day simple moving average of C$62.87. Torex Gold Resources has a 1 year low of C$51.40 and a 1 year high of C$85.00.

Torex Gold Resources (TSE:TXG - Get Free Report) last released its 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 business had revenue of C$578.12 million during the quarter.

Torex Gold Resources Dividend Announcement

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