Desjardins Has Positive Outlook of TSE:TXG FY2026 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Analysts at Desjardins lifted their FY2026 earnings estimates for shares of Torex Gold Resources in a research report issued to clients and investors on Wednesday, November 5th. Desjardins analyst A. Carson now anticipates that the company will post earnings of $6.62 per share for the year, up from their previous estimate of $6.36. Desjardins has a “Buy” rating and a $65.00 price target on the stock. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

TXG has been the subject of several other research reports. CIBC lifted their target price on shares of Torex Gold Resources from C$66.00 to C$90.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Raymond James Financial boosted their price objective on Torex Gold Resources from C$55.00 to C$58.00 in a report on Thursday, August 21st. National Bankshares increased their target price on Torex Gold Resources from C$75.00 to C$86.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Canaccord Genuity Group raised their target price on Torex Gold Resources from C$64.00 to C$77.00 in a report on Thursday, October 2nd. Finally, TD Securities dropped their target price on Torex Gold Resources from C$64.00 to C$62.00 and set a “buy” rating for the company in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Torex Gold Resources currently has a consensus rating of “Buy” and an average price target of C$66.40.

Torex Gold Resources Price Performance

Torex Gold Resources stock opened at C$59.90 on Friday. The company’s 50 day simple moving average is C$57.33 and its 200-day simple moving average is C$48.33. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. Torex Gold Resources has a 1 year low of C$26.29 and a 1 year high of C$69.27. The company has a market capitalization of C$5.76 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 0.02 and a beta of 1.04.

Torex Gold Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala.