Scotiabank Lifts Earnings Estimates for Torex Gold Resources

Key Points

• Scotiabank raised its FY2026 EPS estimate for Torex Gold to $6.36 (from $6.28), which is significantly higher than the current consensus of $3.63 per share.
• Other analysts have boosted targets—TD Securities to C$96 and CIBC to C$100—and MarketBeat shows a consensus Buy rating with an average target of C$80.67.
• Torex recently paid a quarterly dividend of $0.15 (annualized $0.60, yield 1.0%), and the stock trades at a P/E of 13.08 with a market cap of C$5.65 billion and a 52‑week range of C$38.80–C$85.00.

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Scotiabank boosted their FY2026 earnings per share (EPS) estimates for Torex Gold Resources in a report released on Thursday, April 23rd. Scotiabank analyst E. Winmill now forecasts that the company will earn $6.36 per share for the year, up from their previous forecast of $6.28. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.

TXG has been the subject of several other research reports. TD Securities raised their target price on shares of Torex Gold Resources from C$78.00 to C$96.00 in a research note on Thursday, January 22nd. Canadian Imperial Bank of Commerce boosted their price target on shares of Torex Gold Resources from C$90.00 to C$100.00 in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Torex Gold Resources currently has a consensus rating of "Buy" and an average target price of C$80.67.

Torex Gold Resources Stock Performance

TSE:TXG opened at C$59.23 on Tuesday. The company has a debt-to-equity ratio of 8.34, a current ratio of 1.16 and a quick ratio of 2.12. The firm has a market cap of C$5.65 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.02 and a beta of 1.84. The firm's fifty day moving average price is C$66.41 and its 200 day moving average price is C$65.70. Torex Gold Resources has a 1-year low of C$38.80 and a 1-year high of C$85.00.

Torex Gold Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 19th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 5th. Torex Gold Resources's dividend payout ratio 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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