Scotiabank Issues Pessimistic Estimate for TSE:TXG Earnings

Torex Gold Resources Inc. (TSE:TXG) – Equities researchers at Scotiabank reduced their FY2026 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 of $5.85 per share for the year, down from their prior forecast of $6.27. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

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

A number of other research analysts also recently issued reports on TXG. ATB Cormark Capital Markets downgraded Torex Gold Resources from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 10th. National Bank Financial cut their price target on 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. Finally, Canadian Imperial Bank of Commerce reduced their price objective on Torex Gold Resources from C$100.00 to C$90.00 in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$89.50.

Torex Gold Resources Stock Up 3.0%

TXG opened at C$69.58 on Friday. Torex Gold Resources has a one year low of C$40.80 and a one year high of C$85.00. The company has a debt-to-equity ratio of 3.86, a quick ratio of 2.12 and a current ratio of 1.38. The stock has a market capitalization of C$6.44 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 0.02 and a beta of 1.96. The business’s 50-day simple moving average is C$58.00 and its 200-day simple moving average is C$61.93.

Insider Buying and Selling at Torex Gold Resources

In other Torex Gold Resources news, insider Daniel James Thomas Rollins bought 850 shares of the firm’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 purchase, the insider owned 13,926 shares of the company’s stock, valued at approximately C$856,588.26. This represents a 6.50% increase in their ownership of the stock. Insiders have bought a total of 2,250 shares of company stock worth $137,030 in the last three months. 0.35% of the stock is currently owned by corporate insiders.

Torex Gold Resources Announces Dividend

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