Scotiabank Lowers Torex Gold Resources (TSE:TXG) Price Target to C$95.00

Key Points

• Scotiabank lowered Torex Gold Resources’ price target to C$95 from C$105, while maintaining implied upside of 52.63% from the stock’s reported C$62.24 price. It forecasts EPS of $6.27 for FY2026 and $8.82 for FY2027.
• Analyst sentiment remains positive: Torex has a consensus “Buy” rating and an average target price of C$87.29. National Bank Financial raised its target to C$101, while CIBC cut its target to C$90.
• The company reported quarterly EPS of C$1.28 on revenue of C$578.12 million, with a 34.17% net margin and 26.78% return on equity. An insider also increased confidence by purchasing 850 shares for approximately C$52,284.

Torex Gold Resources (TSE:TXG - Get Free Report) had its price objective lowered by Scotiabank from C$105.00 to C$95.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Scotiabank's price objective suggests a potential upside of 52.63% from the company's current price. Scotiabank also issued estimates for Torex Gold Resources' FY2026 earnings at $6.27 EPS and FY2027 earnings at $8.82 EPS.

A number of other analysts have also recently weighed in on the stock. National Bank Financial increased their price target on shares of Torex Gold Resources from C$98.00 to C$101.00 and gave the stock an "outperform" rating in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Torex Gold Resources from C$100.00 to C$90.00 in a research note on Friday. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Torex Gold Resources presently has a consensus rating of "Buy" and an average target price of C$87.29.

Torex Gold Resources Stock Performance

TSE TXG traded up C$2.43 on Friday, reaching C$62.24. The stock had a trading volume of 655,423 shares, compared to its average volume of 638,170. The stock has a market cap of C$5.81 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 0.02 and a beta of 1.96. Torex Gold Resources has a 12-month low of C$40.01 and a 12-month high of C$85.00. The business's 50-day moving average price is C$56.92 and its 200 day moving average price is C$62.89. The company has a debt-to-equity ratio of 4.01, a quick ratio of 2.12 and a current ratio of 1.37.

Torex Gold Resources (TSE:TXG - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$1.28 earnings per share (EPS) for the quarter. The business had revenue of C$578.12 million for the quarter. Torex Gold Resources had a net margin of 34.17% and a return on equity of 26.78%. As a group, equities analysts expect that Torex Gold Resources will post 3.6254502 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Daniel James Thomas Rollins acquired 850 shares of the company's stock in a transaction on Tuesday, June 2nd. The shares were bought at an average cost of C$61.51 per share, with a total value of C$52,283.50. Following the purchase, the insider owned 13,926 shares of the company's stock, valued at C$856,588.26. This represents a 6.50% increase in their position. In the last 90 days, insiders have acquired 2,250 shares of company stock valued at $137,030. Company insiders own 0.35% of the company's stock.

About Torex Gold Resources

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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