Scotiabank Has Positive Forecast for TSE:TXG FY2026 Earnings

Torex Gold Resources Inc. (TSE:TXG - Free Report) - Research analysts at Scotiabank raised 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 expects that the company will earn $3.33 per share 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.

Several other research analysts also recently commented on the company. BMO Capital Markets raised their price objective on Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. CIBC raised their price target on Torex Gold Resources from C$36.00 to C$42.00 in a research note on Friday, February 21st. Royal Bank of Canada upped their price objective on shares of Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. Finally, Raymond James raised their target price on shares of Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$36.53.

Torex Gold Resources Trading Up 2.7 %

Shares of TSE:TXG traded up C$1.02 during trading on Monday, reaching C$38.39. 199,156 shares of the company were exchanged, compared to its average volume of 292,995. The business's fifty day simple moving average is C$32.72 and its 200-day simple moving average is C$29.71. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12. Torex Gold Resources has a 12-month low of C$18.79 and a 12-month high of C$39.40. The firm has a market capitalization of C$2.33 billion, a PE ratio of 20.64, a P/E/G ratio of 0.02 and a beta of 1.34.

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Insider Activity

In other Torex Gold Resources news, Director Caroline Donally purchased 1,000 shares of the stock in a transaction on Monday, January 20th. The stock was acquired 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. Company insiders own 0.35% of the company's stock.

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.