What is Scotiabank’s Estimate for TSE:TXG FY2027 Earnings?

Torex Gold Resources Inc. (TSE:TXG) – Analysts at Scotiabank upped their FY2027 earnings estimates for shares of Torex Gold Resources in a note issued to investors on Wednesday, July 15th. Scotiabank analyst E. Winmill now expects that the company will earn $8.83 per share for the year, up from their previous estimate of $8.56. 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 results on Wednesday, May 6th. The company reported C$2.89 earnings per share for the quarter. The company had revenue of C$749.79 million for the quarter. Torex Gold Resources had a return on equity of 26.78% and a net margin of 34.17%.

Separately, National Bank Financial lifted their target price on Torex Gold Resources from C$98.00 to C$101.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$85.75.

Torex Gold Resources Stock Performance

Shares of TXG stock opened at C$53.21 on Friday. Torex Gold Resources has a 12-month low of C$38.80 and a 12-month high of C$85.00. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.37 and a quick ratio of 2.12. The firm has a market capitalization of C$4.97 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 0.02 and a beta of 1.95. The business has a 50 day simple moving average of C$59.17 and a 200 day simple moving average of C$64.27.

Insider Buying and Selling at Torex Gold Resources

In other Torex Gold Resources news, insider Daniel James Thomas Rollins acquired 850 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average price of C$61.51 per share, with a total value of C$52,283.50. Following the purchase, the insider directly owned 13,926 shares of the company’s stock, valued at approximately C$856,588.26. This trade represents a 6.50% increase in their position. In the last three months, insiders have bought 2,250 shares of company stock worth $137,030. Company insiders own 0.35% of the company’s stock.

Torex Gold Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 21st. This is a positive change from Torex Gold Resources’s previous quarterly dividend of $0.15. Torex Gold Resources’s dividend payout ratio is currently 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.