Scotiabank Issues Optimistic Forecast for TSE:TXG Earnings

Key Points

• Scotiabank nudged up its FY2027 EPS forecast for Torex Gold (TSE:TXG) to $8.29 from $8.28, while the consensus for the current full year remains $3.63 per share.
• Other analysts have boosted targets—TD Securities to C$96 and CIBC to C$100—and five analysts rate the stock a Buy, with a consensus price target of C$80.67.
• Torex trades around C$61.15 with a market cap of C$5.83B and a P/E of 13.5, and it recently paid a quarterly dividend of $0.15 (annualized $0.60) for a roughly 1.0% yield.

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Investment analysts at Scotiabank increased their FY2027 EPS estimates for shares of Torex Gold Resources in a research report issued to clients and investors on Thursday, April 23rd. Scotiabank analyst E. Winmill now anticipates that the company will post earnings per share of $8.29 for the year, up from their previous estimate of $8.28. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.

Several other equities analysts have also commented on TXG. TD Securities increased their target price on shares of Torex Gold Resources from C$78.00 to C$96.00 in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce increased their target price on shares of Torex Gold Resources from C$90.00 to C$100.00 in a report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$80.67.

Torex Gold Resources Price Performance

TXG stock opened at C$61.15 on Monday. The company has a debt-to-equity ratio of 8.34, a quick ratio of 2.12 and a current ratio of 1.16. Torex Gold Resources has a 52 week low of C$38.80 and a 52 week high of C$85.00. The firm's fifty day moving average is C$66.44 and its 200 day moving average is C$65.71. The firm has a market cap of C$5.83 billion, a P/E ratio of 13.50, a P/E/G ratio of 0.02 and a beta of 1.84.

Torex Gold Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 19th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 5th. Torex Gold Resources's dividend payout ratio (DPR) is currently 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.

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