Scotiabank Has Bearish Forecast for TSE:TXG FY2025 Earnings

Torex Gold Resources Inc. (TSE:TXG) – Analysts at Scotiabank cut their FY2025 earnings per share estimates for shares of Torex Gold Resources in a note issued to investors on Monday, June 9th. Scotiabank analyst E. Winmill now forecasts that the company will post earnings of $2.82 per share for the year, down from their previous estimate of $2.94. Scotiabank has a “Outperform” rating and a $50.00 price objective on the stock. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. Scotiabank also issued estimates for Torex Gold Resources’ FY2026 earnings at $3.87 EPS.

Several other analysts have also recently commented on TXG. TD Securities lifted their price target on Torex Gold Resources from C$39.00 to C$57.00 in a report on Tuesday, April 15th. Desjardins set a C$60.00 target price on Torex Gold Resources and gave the company a “buy” rating in a report on Thursday, June 5th. Cormark upped their price target on Torex Gold Resources from C$46.00 to C$55.00 in a research note on Monday, April 14th. CIBC raised Torex Gold Resources from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$42.00 to C$58.00 in a research note on Monday, April 14th. Finally, National Bankshares set a C$70.00 price objective on Torex Gold Resources and gave the company an “outperform” rating in a research note on Thursday, June 5th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$55.00.

Torex Gold Resources Price Performance

Shares of TSE:TXG opened at C$48.29 on Thursday. The company has a market cap of C$2.93 billion, a P/E ratio of 25.96, a P/E/G ratio of 0.02 and a beta of 1.34. The business has a fifty day simple moving average of C$43.90 and a 200-day simple moving average of C$35.85. Torex Gold Resources has a 52 week low of C$19.01 and a 52 week high of C$49.07. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09.

About Torex Gold Resources

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.