Brokers Issue Forecasts for TSE:TXG FY2026 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Scotiabank issued their FY2026 earnings estimates for shares of Torex Gold Resources in a research note issued on Wednesday, January 8th. Scotiabank analyst E. Winmill anticipates that the company will earn $3.11 per share for the year. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Torex Gold Resources (TSE:TXG) last released its earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share for the quarter, beating the consensus estimate of C$0.82 by C$0.20. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. The firm had revenue of C$427.96 million during the quarter.

Several other equities analysts have also recently commented on the stock. National Bank Financial raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Raymond James upped their target price on Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. TD Securities lifted their price target on Torex Gold Resources from C$34.00 to C$38.00 in a research report on Friday, October 18th. National Bankshares upgraded Torex Gold Resources from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$31.25 to C$37.75 in a report on Thursday, October 10th. Finally, CIBC lifted their target price on Torex Gold Resources from C$33.00 to C$34.50 in a report on Monday, December 2nd. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$34.81.

Torex Gold Resources Stock Down 1.1 %

TXG stock opened at C$28.78 on Monday. The stock has a market cap of C$2.47 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The firm’s 50-day simple moving average is C$28.81 and its 200 day simple moving average is C$26.17. Torex Gold Resources has a fifty-two week low of C$12.79 and a fifty-two week high of C$32.75. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32.

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.