Torex Gold Resources (TSE:TXG) Price Target Lowered to C$95.00 at Scotiabank

Torex Gold Resources (TSE:TXG) had its price target decreased by Scotiabank from C$105.00 to C$95.00 in a research report released on Friday,BayStreet.CA reports. Scotiabank also issued estimates for Torex Gold Resources’ FY2026 earnings at $6.27 EPS and FY2027 earnings at $8.82 EPS.

Several other brokerages have also recently issued reports on TXG. Canadian Imperial Bank of Commerce dropped their target price on shares of Torex Gold Resources from C$100.00 to C$90.00 in a report on Friday. National Bank Financial boosted their price target on shares of Torex Gold Resources from C$98.00 to C$101.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$87.29.

Torex Gold Resources Price Performance

Shares of TXG stock opened at C$62.75 on Friday. Torex Gold Resources has a twelve month low of C$40.01 and a twelve month high of C$85.00. The stock has a market capitalization of C$5.86 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 0.02 and a beta of 1.96. The stock has a fifty day simple moving average of C$56.91 and a two-hundred day simple moving average of C$62.89. The company has a current ratio of 1.37, a quick ratio of 2.12 and a debt-to-equity ratio of 4.01.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.28 EPS for the quarter. The firm had revenue of C$578.12 million for the quarter. Torex Gold Resources had a return on equity of 26.78% and a net margin of 34.17%. On average, analysts predict that Torex Gold Resources will post 3.6254502 EPS for the current fiscal year.

Torex Gold Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were given a dividend of $0.16 per share. This is a boost from Torex Gold Resources’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.64 annualized dividend and a yield of 1.0%. Torex Gold Resources’s payout ratio is 3.48%.

Insider Activity

In related news, insider Daniel James Thomas Rollins purchased 850 shares of Torex Gold Resources stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average cost 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 approximately C$856,588.26. The trade was a 6.50% increase in their position. In the last quarter, insiders acquired 2,250 shares of company stock valued at $137,030. Company insiders own 0.35% of the company’s stock.

About Torex Gold Resources

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.