Scotiabank Has Negative Outlook of TSE:TXG FY2026 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Equities researchers at Scotiabank decreased their FY2026 EPS estimates for shares of Torex Gold Resources in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst E. Winmill now anticipates that the company will earn $5.85 per share for the year, down from their prior estimate of $6.27. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Torex Gold Resources (TSE:TXG) last issued its earnings results on Thursday, August 6th. The company reported C$1.28 earnings per share for the quarter. Torex Gold Resources had a net margin of 33.02% and a return on equity of 25.62%. The business had revenue of C$578.12 million for the quarter.

TXG has been the topic of several other reports. ATB Cormark Capital Markets lowered shares of Torex Gold Resources from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 10th. National Bank Financial cut their price target on shares of Torex Gold Resources from C$89.00 to C$85.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on shares of Torex Gold Resources from C$100.00 to C$90.00 in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Torex Gold Resources has an average rating of “Moderate Buy” and an average price target of C$89.50.

Torex Gold Resources Trading Up 3.0%

Shares of TXG stock opened at C$69.58 on Friday. The business’s fifty day moving average price is C$58.00 and its 200 day moving average price is C$61.93. The firm has a market capitalization of C$6.44 billion, a PE ratio of 10.69, a P/E/G ratio of 0.02 and a beta of 1.96. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.38 and a quick ratio of 2.12. Torex Gold Resources has a 1-year low of C$40.80 and a 1-year high of C$85.00.

Torex Gold Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, September 4th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Torex Gold Resources’s dividend payout ratio (DPR) is presently 5.12%.

Insiders Place Their Bets

In other news, insider Daniel James Thomas Rollins acquired 850 shares of Torex Gold Resources stock in a transaction that occurred on 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 completion of the acquisition, the insider owned 13,926 shares in the company, valued at C$856,588.26. This trade represents a 6.50% increase in their position. Over the last ninety days, insiders purchased 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.