Scotiabank Issues Pessimistic Estimate for TSE:TXG Earnings

Key Points

• Scotiabank lowered its FY2026 EPS forecast for Torex Gold Resources to C$5.85 from C$6.27, though it remains above the current consensus estimate of C$3.63.
• Torex reported quarterly EPS of C$1.28 on revenue of C$578.12 million, while its shares rose 3.0% and opened at C$69.58.
• Analyst sentiment remains a “Moderate Buy,” with a consensus price target of C$89.50; the company also declared a quarterly dividend of C$0.16, implying a 0.9% annual yield.

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Equities researchers at Scotiabank reduced their FY2026 EPS estimates for Torex Gold Resources in a research report issued on Wednesday, August 19th. Scotiabank analyst E. Winmill now forecasts that the company will post earnings of $5.85 per share for the year, down from their prior forecast of $6.27. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.

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

A number of other research analysts also recently issued reports on TXG. ATB Cormark Capital Markets downgraded Torex Gold Resources from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 10th. National Bank Financial cut their price target on Torex Gold Resources from C$89.00 to C$85.00 and set an "outperform" rating on the stock in a research report on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on Torex Gold Resources from C$100.00 to C$90.00 in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$89.50.

Torex Gold Resources Stock Up 3.0%

TXG opened at C$69.58 on Friday. Torex Gold Resources has a one year low of C$40.80 and a one year 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 stock has a market capitalization of C$6.44 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 0.02 and a beta of 1.96. The business's 50-day simple moving average is C$58.00 and its 200-day simple moving average is C$61.93.

Insider Buying and Selling at Torex Gold Resources

In other Torex Gold Resources news, insider Daniel James Thomas Rollins bought 850 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average price of C$61.51 per share, for a total transaction of C$52,283.50. Following the completion of the purchase, the insider owned 13,926 shares of the company's stock, valued at approximately C$856,588.26. This represents a 6.50% increase in their ownership of the stock. Insiders have bought a total of 2,250 shares of company stock worth $137,030 in the last three months. 0.35% of the stock is currently owned by corporate insiders.

Torex Gold Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, September 4th will be paid a $0.16 dividend. The ex-dividend date is Friday, August 21st. This represents a $0.64 dividend on an annualized basis and a yield of 0.9%. Torex Gold Resources's 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source