Scotiabank Lifts Earnings Estimates for Torex Gold Resources

Torex Gold Resources Inc. (TSE:TXG) – Scotiabank boosted their FY2026 EPS estimates for shares of Torex Gold Resources in a research report issued to clients and investors 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 previous estimate of $3.11. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

TXG has been the subject of several other research reports. Raymond James increased their price target on shares of Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. Royal Bank of Canada increased their target price on Torex Gold Resources from C$34.00 to C$37.00 in a research report on Friday, December 6th. BMO Capital Markets boosted their target price on shares of Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. Finally, CIBC lifted their price target on shares of Torex Gold Resources from C$36.00 to C$42.00 in a research report on Friday, February 21st. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Torex Gold Resources presently has an average rating of “Buy” and an average price target of C$36.53.

Torex Gold Resources Stock Down 1.8 %

TXG opened at C$35.87 on Monday. The business’s 50-day moving average price is C$32.36 and its 200-day moving average price is C$29.57. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. Torex Gold Resources has a 12 month low of C$17.96 and a 12 month high of C$38.25. The company has a market cap of C$2.18 billion, a P/E ratio of 19.29, a P/E/G ratio of 0.02 and a beta of 1.34.

Insider Buying and Selling at Torex Gold Resources

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