Scotiabank Issues Pessimistic Forecast for TSE:TXG Earnings

Torex Gold Resources Inc. (TSE:TXG) – Investment analysts at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for shares of Torex Gold Resources in a report released on Wednesday, July 15th. Scotiabank analyst E. Winmill now forecasts that the company will earn $6.59 per share for the year, down from their previous forecast of $6.92. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Separately, National Bank Financial upped their price objective on Torex Gold Resources from C$98.00 to C$101.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$85.75.

Torex Gold Resources Trading Down 0.7%

Shares of Torex Gold Resources stock opened at C$52.56 on Monday. The company has a quick ratio of 2.12, a current ratio of 1.37 and a debt-to-equity ratio of 4.01. The company’s 50-day simple moving average is C$58.53 and its 200-day simple moving average is C$64.08. Torex Gold Resources has a 52-week low of C$38.80 and a 52-week high of C$85.00. The firm has a market cap of C$4.91 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 0.02 and a beta of 1.95.

Torex Gold Resources (TSE:TXG) last announced its earnings results on Wednesday, May 6th. The company reported C$2.89 earnings per share for the quarter. The company had revenue of C$749.79 million for the quarter. Torex Gold Resources had a return on equity of 26.78% and a net margin of 34.17%.

Insider Transactions at Torex Gold Resources

In other news, insider Daniel James Thomas Rollins bought 850 shares of the stock in a transaction on Tuesday, June 2nd. The stock was purchased 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 approximately C$856,588.26. The trade was a 6.50% increase in their ownership of the stock. Insiders have purchased 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 declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.64 annualized dividend and a dividend yield of 1.2%. This is an increase from Torex Gold Resources’s previous quarterly dividend of $0.15. Torex Gold Resources’s dividend payout ratio is 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.