FY2027 EPS Forecast for Torex Gold Resources Cut by Analyst

Torex Gold Resources Inc. (TSE:TXG) – Investment analysts at Scotiabank cut their FY2027 EPS estimates for Torex Gold Resources in a report issued on Wednesday, August 19th. Scotiabank analyst E. Winmill now anticipates that the company will earn $7.48 per share for the year, down from their previous estimate of $8.82. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

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

A number of other brokerages have also recently commented on TXG. Canadian Imperial Bank of Commerce decreased their price target on Torex Gold Resources from C$100.00 to C$90.00 in a research note on Friday, August 7th. National Bank Financial dropped their price objective on Torex Gold Resources from C$89.00 to C$85.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Finally, ATB Cormark Capital Markets cut shares of Torex Gold Resources from a “moderate buy” rating to a “hold” rating in a report on Monday, August 10th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$89.50.

Torex Gold Resources Price Performance

Shares of TSE TXG opened at C$70.76 on Monday. The stock’s 50-day simple moving average is C$58.43 and its two-hundred day simple moving average is C$62.00. Torex Gold Resources has a twelve month low of C$42.05 and a twelve month high of C$85.00. The firm has a market capitalization of C$6.55 billion, a P/E ratio of 10.87, a P/E/G ratio of 0.02 and a beta of 1.96. The company has a quick ratio of 2.12, a current ratio of 1.38 and a debt-to-equity ratio of 3.86.

Insider Activity

In other Torex Gold Resources news, insider Daniel James Thomas Rollins bought 850 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average cost of C$61.51 per share, with a total value of C$52,283.50. Following the completion of the purchase, the insider directly owned 13,926 shares of the company’s stock, valued at C$856,588.26. This trade represents a 6.50% increase in their ownership of the stock. Insiders bought 1,425 shares of company stock valued at $87,010 over the last quarter. 0.35% of the stock is owned by company insiders.

Torex Gold Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Torex Gold Resources’s dividend payout ratio is currently 5.12%.

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.