Scotiabank Has Bullish Outlook for TSE:TXG FY2026 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Investment analysts at Scotiabank boosted their FY2026 earnings per share estimates for Torex Gold Resources in a research note issued on Wednesday, March 19th. Scotiabank analyst E. Winmill now anticipates 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.

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

Torex Gold Resources Trading Down 1.8 %

Shares of TXG opened at C$35.87 on Monday. The firm has a market capitalization of C$2.18 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The stock’s fifty day simple moving average is C$32.36 and its 200 day simple moving average is C$29.57. Torex Gold Resources has a twelve month low of C$17.96 and a twelve month high of C$38.25.

Insider Buying and Selling at Torex Gold Resources

In other news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the firm’s stock in a transaction that occurred on 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 acquired 1,000 shares of the firm’s stock in a transaction on Monday, January 20th. The stock was purchased at an average price of C$27.91 per share, for a total transaction of C$27,908.00. Insiders own 0.35% of the company’s stock.

About Torex Gold Resources

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.