What is Scotiabank's Estimate for TSE:TXG FY2027 Earnings?

Key Points

• Scotiabank lowered its FY2027 EPS estimate for Torex Gold Resources to C$7.48 from C$8.82, though this remains above the current full-year consensus estimate of C$3.63.
• Analyst sentiment remains generally positive, with Torex holding a “Moderate Buy” consensus rating and an average price target of C$89.50; however, several firms recently reduced their price targets or ratings.
• Torex reported quarterly EPS of C$1.28 on C$578.12 million in revenue and declared a quarterly dividend of C$0.16 per share, equivalent to a 0.9% annualized yield.

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Stock analysts at Scotiabank reduced their FY2027 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 per share of $7.48 for the year, down from their previous forecast of $8.82. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.

Several other equities research analysts have also recently commented on the stock. National Bank Financial dropped their price target on shares of 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. Canadian Imperial Bank of Commerce lowered their price objective on shares of Torex Gold Resources from C$100.00 to C$90.00 in a research note on Friday, August 7th. Finally, ATB Cormark Capital Markets lowered shares of Torex Gold Resources from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$89.50.

Torex Gold Resources Stock Performance

Shares of Torex Gold Resources stock opened at C$69.84 on Monday. The business has a fifty day simple moving average of C$58.25 and a 200-day simple moving average of C$61.97. Torex Gold Resources has a fifty-two week low of C$40.80 and a fifty-two week high of C$85.00. The firm has a market cap of C$6.47 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 0.02 and a beta of 1.96. The company has a quick ratio of 2.12, a current ratio of 1.38 and a debt-to-equity ratio of 3.86.

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

Insider Activity at Torex Gold Resources

In other news, insider Daniel James Thomas Rollins bought 850 shares of the company's 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 completion of the transaction, the insider directly owned 13,926 shares in the company, valued at approximately C$856,588.26. The trade was a 6.50% increase in their position. Insiders have bought 1,425 shares of company stock valued at $87,010 in the last ninety days. Company insiders own 0.35% of the company's stock.

Torex Gold Resources Announces Dividend

The company 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 dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.64 dividend on an annualized basis and a yield of 0.9%. Torex Gold Resources's dividend 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.

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