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

Key Points

• Scotiabank cut its FY2027 EPS forecast for Torex Gold Resources slightly to $8.82 from $8.83, still well above the current full-year consensus estimate of $3.63.
• National Bank Financial raised its price target to C$101 and maintained an “outperform” rating. Analysts overall give Torex a consensus “Buy” rating with an average target of C$88.71.
• Torex reported quarterly EPS of C$1.28 on C$578.12 million in revenue, increased its quarterly dividend to $0.16, and saw insiders purchase additional shares.

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Equities researchers at Scotiabank lowered their FY2027 earnings estimates for shares of Torex Gold Resources in a report issued on Tuesday, August 4th. Scotiabank analyst E. Winmill now forecasts that the company will earn $8.82 per share for the year, down from their prior forecast of $8.83. The consensus estimate for Torex Gold Resources' current full-year earnings is $3.63 per share.

Separately, National Bank Financial boosted their target price on 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. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Torex Gold Resources presently has a consensus rating of "Buy" and an average price target of C$88.71.

Torex Gold Resources Stock Down 1.4%

Shares of TSE TXG opened at C$59.81 on Friday. The stock has a market cap of C$5.58 billion, a P/E ratio of 9.58, a PEG ratio of 0.02 and a beta of 1.96. The business's fifty day simple moving average is C$56.92 and its 200-day simple moving average is C$62.89. Torex Gold Resources has a 12-month low of C$40.01 and a 12-month high of C$85.00. The company has a current ratio of 1.37, a quick ratio of 2.12 and a debt-to-equity ratio of 4.01.

Torex Gold Resources (TSE:TXG - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.28 EPS for the quarter. Torex Gold Resources had a net margin of 34.17% and a return on equity of 26.78%. The business had revenue of C$578.12 million during the quarter.

Torex Gold Resources Increases Dividend

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

Insider Buying and Selling

In other news, insider Daniel James Thomas Rollins purchased 850 shares of the stock in a transaction on Tuesday, June 2nd. The stock was bought at an average price of C$61.51 per share, for a total transaction of C$52,283.50. Following the acquisition, the insider directly owned 13,926 shares of the company's stock, valued at approximately C$856,588.26. The trade was a 6.50% increase in their position. In the last ninety days, insiders have purchased 2,250 shares of company stock worth $137,030. 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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