Torex Gold Resources (TSE:TXG) Given New C$95.00 Price Target at Scotiabank

Torex Gold Resources (TSE:TXG) had its target price lowered by Scotiabank from C$105.00 to C$95.00 in a note issued to investors on Friday,BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 52.63% from the stock’s previous close. Scotiabank also issued estimates for Torex Gold Resources’ FY2026 earnings at $6.27 EPS and FY2027 earnings at $8.82 EPS.

TXG has been the topic of a number of other reports. Canadian Imperial Bank of Commerce lowered their price target on shares of Torex Gold Resources from C$100.00 to C$90.00 in a research note on Friday. National Bank Financial boosted their price objective on shares of 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. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$87.29.

Torex Gold Resources Price Performance

Shares of TXG traded up C$2.43 during mid-day trading on Friday, hitting C$62.24. The company’s stock had a trading volume of 655,423 shares, compared to its average volume of 638,170. 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 has a 1-year low of C$40.01 and a 1-year high of C$85.00. The firm has a market capitalization of C$5.81 billion, a P/E ratio of 9.97, a P/E/G ratio of 0.02 and a beta of 1.96. The firm has a 50-day simple moving average of C$56.92 and a 200 day simple moving average of C$62.89.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.28 earnings per share for the quarter. The firm had revenue of C$578.12 million for the quarter. Torex Gold Resources had a return on equity of 26.78% and a net margin of 34.17%. Analysts predict that Torex Gold Resources will post 3.6254502 EPS for the current fiscal year.

Insider Buying and Selling at Torex Gold Resources

In other news, insider Daniel James Thomas Rollins purchased 850 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average price of C$61.51 per share, for a total transaction of C$52,283.50. Following the completion of the transaction, the insider directly owned 13,926 shares in the company, valued at C$856,588.26. This represents a 6.50% increase in their position. Insiders acquired a total of 2,250 shares of company stock valued at $137,030 in the last three months. Company insiders own 0.35% of the company’s stock.

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.