What is Scotiabank’s Estimate for TSE:TXG FY2027 Earnings?

Torex Gold Resources Inc. (TSE:TXG) – Investment analysts at Scotiabank boosted their FY2027 earnings per share (EPS) estimates for Torex Gold Resources in a research note issued on Friday, April 17th. Scotiabank analyst E. Winmill now expects that the company will earn $8.28 per share for the year, up from their previous forecast of $8.06. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Other analysts have also issued research reports about the company. Canadian Imperial Bank of Commerce upped their price objective on Torex Gold Resources from C$90.00 to C$100.00 in a report on Wednesday, February 4th. TD Securities upped their price objective on Torex Gold Resources from C$78.00 to C$96.00 in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Torex Gold Resources has an average rating of “Buy” and an average price target of C$80.67.

Torex Gold Resources Trading Down 4.9%

Shares of Torex Gold Resources stock opened at C$62.15 on Wednesday. The company has a quick ratio of 2.12, a current ratio of 1.16 and a debt-to-equity ratio of 8.34. The firm has a market cap of C$5.93 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 0.02 and a beta of 1.84. The business has a fifty day simple moving average of C$66.46 and a 200-day simple moving average of C$65.71. Torex Gold Resources has a fifty-two week low of C$38.80 and a fifty-two week high of C$85.00.

Torex Gold Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 19th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 5th. Torex Gold Resources’s dividend payout ratio is currently 2.37%.

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.