Scotiabank Predicts Lower Earnings for Torex Gold Resources

Key Points

• Scotiabank slightly cut its FY2026 EPS estimate for Torex to $6.34 (from $6.36), while the market consensus full‑year estimate stands at $3.63 per share.
• Other analysts have been more bullish on price targets—TD Securities raised its target to C$96 and CIBC to C$100—and five analysts rate the stock Buy with a consensus target of C$83.75.
• Shares opened at C$55.42 with a market cap of C$5.29 billion and a P/E of 12.23; Torex pays a quarterly dividend of $0.15 (C$0.60 annualized, ~1.1% yield) and operates the Morelos Complex, Mexico’s largest single gold producer.

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Scotiabank cut their FY2026 earnings per share estimates for shares of Torex Gold Resources in a report issued on Friday, May 1st. Scotiabank analyst E. Winmill now anticipates that the company will earn $6.34 per share for the year, down from their prior forecast of $6.36. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.

A number of other equities analysts have also weighed in on TXG. TD Securities upped their target price on Torex Gold Resources from C$78.00 to C$96.00 in a research note on Thursday, January 22nd. Canadian Imperial Bank of Commerce upped their target price on Torex Gold Resources from C$90.00 to C$100.00 in a research note on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$83.75.

Torex Gold Resources Price Performance

Shares of TSE TXG opened at C$55.42 on Tuesday. The firm has a market capitalization of C$5.29 billion, a P/E ratio of 12.23, a P/E/G ratio of 0.02 and a beta of 1.84. The company has a quick ratio of 2.12, a current ratio of 1.16 and a debt-to-equity ratio of 8.34. The stock's 50-day simple moving average is C$66.14 and its two-hundred day simple moving average is C$65.56. Torex Gold Resources has a twelve month low of C$38.80 and a twelve month high of C$85.00.

Torex Gold Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 19th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, March 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. Torex Gold Resources's dividend payout ratio is 2.37%.

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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