Desjardins Issues Optimistic Forecast for TSE:TXG Earnings

Torex Gold Resources Inc. (TSE:TXG) – Equities research analysts at Desjardins increased their FY2026 EPS estimates for shares of Torex Gold Resources in a research note issued on Wednesday, November 5th. Desjardins analyst A. Carson now forecasts that the company will post earnings per share of $6.62 for the year, up from their prior forecast of $6.36. Desjardins currently has a “Buy” rating and a $65.00 price target on the stock. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share.

Several other brokerages also recently issued reports on TXG. TD Securities reduced their price objective on Torex Gold Resources from C$64.00 to C$62.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Canaccord Genuity Group lifted their target price on Torex Gold Resources from C$64.00 to C$77.00 in a research note on Thursday, October 2nd. CIBC increased their price target on Torex Gold Resources from C$66.00 to C$90.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Raymond James Financial raised their price target on Torex Gold Resources from C$55.00 to C$58.00 in a report on Thursday, August 21st. Finally, National Bankshares upped their price objective on shares of Torex Gold Resources from C$75.00 to C$86.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Torex Gold Resources currently has a consensus rating of “Buy” and a consensus price target of C$66.40.

Torex Gold Resources Stock Performance

TSE TXG traded down C$2.11 on Friday, hitting C$58.14. The stock had a trading volume of 344,648 shares, compared to its average volume of 384,437. The company’s 50-day moving average is C$57.05 and its two-hundred day moving average is C$48.25. Torex Gold Resources has a one year low of C$26.29 and a one year high of C$69.27. The stock has a market cap of C$5.61 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 0.02 and a beta of 1.04. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09.

Torex Gold Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, November 20th.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala.