Scotiabank Has Positive Outlook for TSE:TXG FY2027 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Investment analysts at Scotiabank lifted their FY2027 earnings per share (EPS) estimates for shares of Torex Gold Resources in a report released on Tuesday, October 13th. Scotiabank analyst E. Winmill now forecasts that the company will earn $7.59 per share for the year, up from their previous forecast of $7.48. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.28 earnings per share (EPS) for the quarter. The firm 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 analysts also recently commented on the company. National Bank Financial boosted their target price on Torex Gold Resources from C$85.00 to C$89.00 and gave the stock an “outperform” rating in a research report on Monday, September 21st. ATB Cormark Capital Markets upgraded Torex Gold Resources from a “hold” rating to a “moderate buy” rating in a research report on Monday, September 28th. Finally, Canadian Imperial Bank of Commerce cut their price target on Torex Gold Resources from C$100.00 to C$90.00 in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, Torex Gold Resources presently has a consensus rating of “Buy” and a consensus price target of C$92.80.

Torex Gold Resources Stock Up 4.5%

Shares of TSE TXG opened at C$74.06 on Friday. The company has a quick ratio of 2.12, a current ratio of 1.38 and a debt-to-equity ratio of 3.86. Torex Gold Resources has a 52 week low of C$51.40 and a 52 week high of C$85.00. The firm has a 50-day moving average price of C$68.65 and a 200 day moving average price of C$62.87. The stock has a market capitalization of C$6.86 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 0.02 and a beta of 1.80.

Torex Gold Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, September 4th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, August 21st. Torex Gold Resources’s dividend payout ratio is presently 5.12%.

About Torex Gold Resources

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.