Scotiabank Predicts Higher Earnings for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Analysts at Scotiabank lifted their FY2026 earnings per share estimates for Torex Gold Resources in a report released on Wednesday, March 19th. Scotiabank analyst E. Winmill now anticipates that the company will post earnings per share of $3.33 for the year, up from their prior estimate of $3.11. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

A number of other equities research analysts also recently weighed in on the company. Raymond James lifted their target price on Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. BMO Capital Markets lifted their target price on Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. CIBC lifted their target price on Torex Gold Resources from C$36.00 to C$42.00 in a report on Friday, February 21st. Finally, Royal Bank of Canada boosted their price target on Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Torex Gold Resources currently has a consensus rating of “Buy” and an average target price of C$36.53.

Torex Gold Resources Stock Down 2.4 %

TXG opened at C$36.51 on Monday. Torex Gold Resources has a fifty-two week low of C$17.96 and a fifty-two week high of C$38.25. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. The company has a market capitalization of C$2.21 billion, a P/E ratio of 19.63, a P/E/G ratio of 0.02 and a beta of 1.34. The stock has a fifty day moving average of C$32.21 and a 200-day moving average of C$29.53.

Insider Activity at Torex Gold Resources

In other Torex Gold Resources news, Director Caroline Donally bought 1,000 shares of the stock in a transaction on Monday, January 20th. The stock was purchased at an average price of C$27.91 per share, with a total value of C$27,908.00. Also, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31. 0.35% of the stock is owned by insiders.

Torex Gold Resources Company Profile

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.