Scotiabank Predicts Lower Earnings for Torex Gold Resources

Key Points

• Scotiabank lowered its FY2026 EPS forecast for Torex Gold Resources to C$6.27 from C$6.59, while analysts maintain a consensus “Buy” rating and an average price target of C$88.71.
• Torex Gold shares were trading up 7.4% at C$60.64, with a market capitalization of approximately C$5.66 billion. The company most recently reported quarterly EPS of C$2.89 on revenue of C$749.79 million.
• The company increased its quarterly dividend to C$0.16, equivalent to C$0.64 annually and a 1.1% yield; insiders also purchased 2,250 shares worth approximately C$137,030 during the last quarter.

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Investment analysts at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for Torex Gold Resources in a report issued on Tuesday, August 4th. Scotiabank analyst E. Winmill now anticipates that the company will earn $6.27 per share for the year, down from their prior forecast of $6.59. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.

Separately, National Bank Financial boosted their price objective on Torex Gold Resources from C$98.00 to C$101.00 and gave the company an "outperform" rating in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$88.71.

Torex Gold Resources Trading Up 7.4%

TSE TXG opened at C$60.64 on Thursday. Torex Gold Resources has a 1 year low of C$40.01 and a 1 year high of C$85.00. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.37 and a quick ratio of 2.12. The company has a market capitalization of C$5.66 billion, a PE ratio of 9.72, a P/E/G ratio of 0.02 and a beta of 1.96. The company has a fifty day moving average of C$56.94 and a 200 day moving average of C$62.98.

Torex Gold Resources (TSE:TXG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$2.89 EPS for the quarter. The business had revenue of C$749.79 million during the quarter. Torex Gold Resources had a net margin of 34.17% and a return on equity of 26.78%.

Insider Buying and Selling

In other news, insider Daniel James Thomas Rollins bought 850 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average cost of C$61.51 per share, with a total value of C$52,283.50. Following the purchase, the insider directly owned 13,926 shares in the company, valued at C$856,588.26. The trade was a 6.50% increase in their position. Insiders have acquired a total of 2,250 shares of company stock worth $137,030 in the last quarter. 0.35% of the stock is currently owned by company insiders.

Torex Gold Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, June 4th were paid a $0.16 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.64 annualized dividend and a dividend yield of 1.1%. This is an increase from Torex Gold Resources's previous quarterly dividend of $0.15. Torex Gold Resources's dividend payout ratio (DPR) is presently 3.48%.

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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