TXG Stock Analysis: Torex Gold Resources | TO
Gold | TO, Canada | Market Cap: 6.217m CAD | 12M Return: 10.4% | CA8910546032 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 33.1M
EPS Trend: 95.2%
Qual. Beats: -1
Rev. Trend: 91.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Torex Gold Resources Inc. is a Canada-based mineral exploration and development company focused on gold, copper, silver, and carbon deposits in Mexico and the United States. Its flagship asset is the wholly owned Morelos Complex in Guerrero, Mexico.
As a Materials-sector gold company, Torex’s business centers on acquiring mineral properties and advancing them through exploration and development. The company was incorporated in 1980 and is headquartered in Toronto.
- Media Luna ramp-up lifts copper-gold output and lowers unit costs
- Higher gold prices expand margins and free cash flow
- Guerrero security and permitting risks threaten Morelos production continuity
| Net Income: 600.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.18 > 0.02 and ΔFCF/TA 25.25 > 1.0 |
| NWC/Revenue: 7.35% < 20% (prev 15.30%; Δ -7.95% < -1%) |
| CFO/TA 0.26 > 3% & CFO 786.8m > Net Income 600.7m |
| Net Debt (-70.0m) to EBITDA (1.05b): -0.07 < 3 |
| Current Ratio: 1.38 > 1.5 & < 3 |
| Outstanding Shares: last quarter (94.0m) vs 12m ago 7.38% < -2% |
| Gross Margin: 50.08% > 18% (prev 59.97%; Δ -9.88% > 0.5%) |
| Asset Turnover: 67.04% > 50% (prev 43.98%; Δ 23.06% > 0%) |
| Interest Coverage Ratio: 33.18 > 6 (EBIT TTM 840.6m / Interest Expense TTM 25.3m) |
| A: 0.04 (Total Current Assets 485.2m - Total Current Liabilities 351.5m) / Total Assets 3.08b |
| B: 0.39 (Retained Earnings 1.19b / Total Assets 3.08b) |
| C: 0.31 (EBIT TTM 840.6m / Avg Total Assets 2.71b) |
| D: 5.13 (Book Value of Equity 2.58b / Total Liabilities 502.6m) |
| Altman-Z'' = 9.01 = AAA |
| DSRI: 0.30 (Receivables 37.7m/72.1m, Revenue 1.82b/1.03b) |
| GMI: 1.20 (GM 59.97% / 50.08%) |
| AQI: 1.48 (AQ_t 0.08 / AQ_t-1 0.05) |
| SGI: 1.76 (Revenue 1.82b / 1.03b) |
| TATA: -0.06 (NI 600.7m - CFO 786.8m) / TA 3.08b) |
| Beneish M = -2.60 (Cap -4..+1) = A |
As of November 01, 2026, the stock is trading at CAD 63.22 with a total of 541,155 shares traded. Over the past week, the price has changed by -5.84%, over one month by -9.27%, over three months by +11.70% and over the past year by +10.42%.
Current recommended Stop Loss: 55.40 (which is 12.4% or 2.7 ATR below the current price).
Torex Gold Resources has no consensus analysts rating.
Market Cap USD = 4.45b (6.22b CAD * 0.7156 CAD.USD)
P/E Trailing = 7.46
P/E Forward = 9.7371
P/S = 3.4011
P/B = 2.0816
P/EG = 0.12
Revenue TTM = 1.82b USD
EBIT TTM = 840.6m USD
EBITDA TTM = 1.05b USD
Long Term Debt = 27.6m USD (from longTermDebt, last fiscal year)
Short Term Debt = 25.1m USD (from shortTermDebt, last quarter)
Debt = 99.4m USD (from shortLongTermDebtTotal, last quarter) (leases 99.4m already included)
Net Debt = -70.0m USD (calculated: Debt 99.4m - CCE 169.4m)
Enterprise Value = 4.38b USD (4.45b + Debt 99.4m - CCE 169.4m)
Interest Coverage Ratio = 33.18 (Ebit TTM 840.6m / Interest Expense TTM 25.3m)
EV/FCF = 7.95x (Enterprise Value 4.38b / FCF TTM 550.5m)
FCF Yield = 12.57% (FCF TTM 550.5m / Enterprise Value 4.38b)
FCF Margin = 30.26% (FCF TTM 550.5m / Revenue TTM 1.82b)
Net Margin = 33.02% (Net Income TTM 600.7m / Revenue TTM 1.82b)
Gross Margin = 50.08% ((Revenue TTM 1.82b - Cost of Revenue TTM 908.2m) / Revenue TTM)
Gross Margin QoQ = 40.60% (prev 57.96%)
Tobins Q-Ratio = 1.42 (Enterprise Value 4.38b / Total Assets 3.08b)
Interest Expense / Debt = 25.49% (Interest Expense 25.3m / Debt 99.4m)
Taxrate = 27.70% (230.2m / 830.9m)
NOPAT = 607.7m (EBIT 840.6m * (1 - 27.70%))
Current Ratio = 1.38 (Total Current Assets 485.2m / Total Current Liabilities 351.5m)
Debt / Equity = 0.04 (Debt 99.4m / totalStockholderEquity, last quarter 2.58b)
Debt / EBITDA = -0.07 (Net Debt -70.0m / EBITDA 1.05b)
Debt / FCF = -0.13 (Net Debt -70.0m / FCF TTM 550.5m)
Total Stockholder Equity = 2.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 22.14% (Net Income 600.7m / Total Assets 3.08b)
RoE = 25.62% (Net Income TTM 600.7m / Total Stockholder Equity 2.34b)
RoCE = 35.44% (EBIT 840.6m / Capital Employed (Equity 2.34b + L.T.Debt 27.6m))
RoIC = 22.83% (NOPAT 607.7m / Invested Capital 2.66b)
WACC = 7.50% (E(4.45b)/V(4.55b) * Re(7.26%) + D(99.4m)/V(4.55b) * Rd(25.49%) * (1-Tc(0.28)))
Discount Rate = 7.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.62 | Cagr: 3.77%
[DCF] Terminal Value 75.44% ; FCFF base≈550.5m ; Y1≈552.8m ; Y5≈585.6m
[DCF] Fair Price = 99.12 (EV 9.11b - Net Debt -70.0m = Equity 9.18b / Shares 92.6m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: 95.18 | EPS CAGR: 62.85% | SUE: -1.05 | # QB: -1
Revenue Correlation: 91.41 | Revenue CAGR: 28.43% | SUE: -0.72 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.02 | Chg30d=-9.30% | Revisions=+50% | Analysts=7
EPS current Year (2026-12-31): EPS=8.50 | Chg30d=-3.76% | Revisions=+62% | GrowthEPS=+58.2% | GrowthRev=+58.3%
EPS next Year (2027-12-31): EPS=9.71 | Chg30d=-2.97% | Revisions=+38% | GrowthEPS=+14.2% | GrowthRev=+8.8%
[Analyst] Revisions Ratio: +69% (up=12, down=1)