Scotiabank Has Negative Forecast for TSE:TXG FY2026 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Scotiabank decreased their FY2026 earnings per share estimates for Torex Gold Resources in a report released on Tuesday, August 4th. Scotiabank analyst E. Winmill now expects that the company will post earnings of $6.27 per share for the year, down from their previous estimate of $6.59. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Separately, National Bank Financial upped 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, May 14th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$88.71.

Torex Gold Resources Price Performance

Shares of TSE TXG opened at C$60.64 on Thursday. The firm has a 50-day simple moving average of C$56.94 and a 200-day simple moving average of C$62.98. The company has a quick ratio of 2.12, a current ratio of 1.37 and a debt-to-equity ratio of 4.01. The stock has a market capitalization of C$5.66 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 0.02 and a beta of 1.96. Torex Gold Resources has a 52 week low of C$40.01 and a 52 week high of C$85.00.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$2.89 EPS for the quarter. The firm had revenue of C$749.79 million during the quarter. Torex Gold Resources had a return on equity of 26.78% and a net margin of 34.17%.

Insider Activity at Torex Gold Resources

In other news, insider Daniel James Thomas Rollins purchased 850 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average price of C$61.51 per share, with a total value of C$52,283.50. Following the transaction, the insider owned 13,926 shares in the company, valued at C$856,588.26. The trade was a 6.50% increase in their position. In the last 90 days, insiders acquired 2,250 shares of company stock worth $137,030. 0.35% of the stock is owned by insiders.

Torex Gold Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.1%. This is an increase from Torex Gold Resources’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, May 21st. Torex Gold Resources’s dividend 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.