Torex Resources reported quarterly earnings per share of C$2.69, above the calendar estimate of C$2.19. It’s the third earnings beat in the past four comparable quarters.
Torex Resources Inc. (TSX: TXR) released results after market close on November 4 for the quarter ended September 30, 2026. Its EPS of C$2.69 was 22.8% above the calendar estimate. The company operates the Morelos Complex in Mexico, where the ramp-up of Media Luna and progress toward first ore at Media Luna North are key parts of its production outlook. For Canadian investors, the EPS surprise stands out, but the available data don’t include quarterly revenue or margins.
Recent earnings trend
Torex Resources Inc.
TXR.TO
TXR.TO
Torex Resources Inc.
WealthAwesomeMarket cap
$6.85B
P/E
8.0x
Div. yield
0.60%
Div. / share
$0.44
52W high
$84.41
52W low
$51.28
Beta
1.41
Analyst Price Targets
Based on analyst covering TXR · as of Nov 9, 2026
Wall Street analysts forecast TXR stock price to rise 23.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$95.78
+23.6% Upside
Previously C$95.30 on Nov 6, 2026
Current Price
C$77.51
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Analyst coverage: 8 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-02-17 | — | 1.8700 | — |
| 2026-09-30 | 2026-11-04 | 2.6900 | 2.1900 | +22.8% |
| 2026-06-30 | 2026-08-06 | 1.2600 | 1.4200 | -11.3% |
| 2026-03-31 | 2026-05-06 | 2.8300 | 2.2100 | +28.1% |
| 2025-12-31 | 2026-02-18 | 2.4100 | 2.0900 | +15.3% |
| 2025-09-30 | 2025-11-05 | 1.6700 | 1.4000 | +19.3% |
Investor takeaway: The EPS beat also reversed last quarter’s miss. For the period ended June 30, TXR reported C$1.26 per share against an estimate of C$1.42. The latest result is its third beat in the past four comparable quarters. Keep in mind that the calendar estimate was C$2.19, while a separate trends feed lists a C$2.10 consensus from eight analysts. The beat is substantial against either figure, but the estimates come from different sources. The available data don’t show quarterly revenue or margins, so they can’t explain how much of the result came from production, costs, or other factors. Morelos operations and project execution remain central to TXR’s business. View TXR’s stock page.
C$2.69 EPS, 22.8% above the calendar estimate
Calendar data show EPS of C$2.69 against an estimate of C$2.19 for the quarter ended September 30, 2026. A separate trends feed lists consensus EPS of C$2.10 from eight analysts, so the reported surprise varies depending on which estimate you use. Against the calendar estimate, TXR beat expectations by C$0.50 per share.
Bull case
TXR has beaten estimates in three of its past four comparable quarters. September-quarter EPS came in 22.8% above the calendar estimate. The available fundamentals snapshot also shows a 32.71% profit margin and trailing 12-month EPS of C$9.54. Recent company coverage points to underground mining rates at Media Luna running ahead of plan and progress toward first ore at Media Luna North by late 2026. If the projects stay on track and support higher production and cash generation, they could strengthen the case for the stock.
Bear case
One strong EPS surprise doesn’t show whether the result can be repeated. TXR missed estimates in the June quarter, and the available data don’t include September-quarter revenue, margins, production, or costs to explain the earnings. The company also relies on the Morelos Complex in Mexico, according to the supplied coverage, so execution at this key operation is an important risk. Investors will want to watch project timing and operating costs.
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