Torex Gold Resources Inc. (TSE:TXG – Free Report) – Scotiabank raised their FY2027 earnings per share estimates for Torex Gold Resources in a report issued on Thursday, May 14th. Scotiabank analyst E. Winmill now anticipates that the company will earn $8.56 per share for the year, up from their previous forecast of $8.29. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.
TXG has been the topic of several other reports. Canadian Imperial Bank of Commerce upped their price target on Torex Gold Resources from C$90.00 to C$100.00 in a research report on Wednesday, February 4th. National Bank Financial boosted their price objective on shares of Torex Gold Resources from C$98.00 to C$101.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, TD Securities increased their target price on shares of Torex Gold Resources from C$78.00 to C$96.00 in a research note on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$85.75.
Torex Gold Resources Stock Performance
Shares of TXG opened at C$66.88 on Friday. The stock’s 50-day simple moving average is C$64.47 and its 200 day simple moving average is C$65.72. The stock has a market capitalization of C$6.24 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 0.02 and a beta of 1.85. The company has a debt-to-equity ratio of 4.01, a quick ratio of 2.12 and a current ratio of 1.37. Torex Gold Resources has a 52-week low of C$38.80 and a 52-week high of C$85.00.
Torex Gold Resources Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, May 21st. This is a positive change from Torex Gold Resources’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. Torex Gold Resources’s payout ratio is presently 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.
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