Torex Resources Inc (TXR) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Torex Resources Inc stock C$106, price C$73.20, upside +45.4%, quality 64 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Torex Resources Inc., a precious metals mining company, engages in the acquisition, exploration, and development of mineral properties in Mexico and the United States. The company explores gold, copper, silver, and carbon deposits.
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Its flagship project is a 100% owned Morelos Complex covering an area of 29,000 hectares located in Guerrero, Mexico. Torex Resources Inc. was formerly known as Torex Gold Resources Inc. and changed its name to Torex Resources Inc. in October 2026.
Torex Resources Inc. was incorporated in 1980 and is based in Toronto, Canada.
Stock analysis
Torex Resources Inc (TXR) currently trades at C$73.20, while our model-based Fair Value estimate is C$106.44, implying the stock looks roughly 31% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of C$144.33 per share, and 13 of the 26 models we run sit above the C$73.20 price.
Bear case: the Asset-Based group reads lowest at C$25.69, and 13 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$50.21 (bear) to C$135.43 (bull), the price of C$73.20 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Torex Resources Inc reported revenue of $1.3B in FY2025 versus $869M in FY2022, a compound +14.6%/yr. Reported net income was $403M in FY2025, compounding +28.8%/yr from FY2022.
Key figures
Market cap C$6.7B (≈ $4.7B) Mid · P/E ratio 7.5 · P/S ratio 2.31 · EPS (TTM) C$9.81 · Dividend yield 0.6% · Net margin 30.9% · Return on equity 28.6% · Return on assets (EBIT) 16.8% (4-year average).
What moves the price
The share trades about 11% below its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −11% fair-value upside, at 45%, TXR screens cheaper than that median.
Fair Value models
BearC$50.21Fair Value C$106.44BullC$135.43
Price C$73.20 · Upside +45.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$8.11 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+17.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.6%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+16.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.9%
Dividend (yield on the price)0.6%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.31% → 41%
2025 sits 92% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+21.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +18.8% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 283 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+45.4% · Top 25%
Profitability
Return on equity (12 months)28.6% · Top 25%
Return on assets13.3% · Top 25%
Net margin (12 months)32.7% · Above median
Operating margin (12 months)49.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)33.3% · Above median
Dividend yield (12 months)0.6% · Bottom 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Gold median · lower = cheaper
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Is Torex Resources Inc (TXR) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of C$106.44 versus a price of C$73.20, about +45% upside (undervalued).
What is the fair value of TXR?
Our model-based fair value for Torex Resources Inc is C$106.44 (as of Nov 12, 2026), built from audited fundamentals. The current price: C$73.20.
What is the quality score of TXR?
Torex Resources Inc has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Torex Resources Inc (TXR)?
Our model-based price target is the fair value of C$106.44 (as of Nov 12, 2026) from 26 valuation models. Cautious scenario C$50.21, optimistic scenario C$135.43. It is a calculation from audited fundamentals, not an analyst target.
What is the Torex Resources Inc stock forecast for 2026?
Our models put fair value at C$106.44, about +45% upside versus a price of C$73.20 (undervalued). Cautious scenario C$50.21, optimistic scenario C$135.43. The calculation is refreshed regularly with new filings.
What is the revenue of Torex Resources Inc (TXR)?
Torex Resources Inc reported trailing-twelve-month revenue of about $2.0B (latest available figure, as of Nov 12, 2026).
Does Torex Resources Inc pay a dividend?
Torex Resources Inc currently shows a dividend yield of 0.60% relative to its recent price (as of Nov 12, 2026).
How much is the dividend of Torex Resources Inc (TXR) and when is the ex-dividend date?
Torex Resources Inc pays a dividend of C$0.44 per share a year, a dividend yield of 0.6%. The next ex-dividend date is Nov 19, 2026, with payment on Dec 3, 2026. The payout ratio is 2.5% of earnings. Free cash flow covers the dividend 13.21 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Torex Resources Inc (TXR)?
For today's price to be fair in a discounted-cash-flow model, Torex Resources Inc would have to grow free cash flow by +21.6 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +14.6 % per year. As of Nov 12, 2026.
What discount rate (WACC) does the fair value of TXR use?
Our models discount Torex Resources Inc at 10.5 %: a base by market capitalisation (mid), damped by beta 1.41, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Torex Resources Inc that is +21.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Torex Resources Inc (TXR) delivered so far?
Over the past 3 years revenue at Torex Resources Inc grew +14.6 % a year. The price currently implies free-cash-flow growth of +21.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Torex Resources Inc (TXR) growing?
The median revenue growth in the sector is +9.0 % a year. That is the yardstick for the growth priced into Torex Resources Inc (+21.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Torex Resources Inc (TXR)?
The free-cash-flow yield on the price is 2.88 %: that much free cash flow Torex Resources Inc produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Torex Resources Inc (TXR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Torex Resources Inc it is C$106.44 per share (as of Nov 12, 2026), against a price of C$73.20. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Torex Resources Inc stock overvalued or undervalued in 2026?
As of Nov 12, 2026, TXR trades below its calculated fair value: price C$73.20, fair value C$106.44, a gap of about +45% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TXR?
No. The price is what the market pays today (C$73.20); the fair value is what the company's own numbers justify (C$106.44). For Torex Resources Inc the two are C$33.24 per share apart. That gap is exactly why we show both numbers side by side.
How much is Torex Resources Inc worth?
The market values Torex Resources Inc at about C$6.7B (market capitalisation, as of Nov 12, 2026). Per share that is C$73.20; our models calculate a fair value of C$106.44 per share.
What do the bullish and bearish scenarios say about TXR?
Our models span a range for Torex Resources Inc: cautious scenario C$50.21, base C$106.44, optimistic C$135.43 per share (as of Nov 12, 2026, price C$73.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TXR?
Torex Resources Inc trades at a price-to-earnings ratio of 7.5 (as of Nov 12, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$106.44 is built from several models across several years. Other multiples: P/B 1.9, P/S 2.4, EV/EBITDA 4.0.
How solid is the balance sheet of Torex Resources Inc (TXR)?
Balance-sheet figures for Torex Resources Inc (as of Nov 12, 2026): return on equity 28.6%, debt of 0.01 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is TXR from its 52-week high?
Torex Resources Inc trades at C$73.20, about 11% below its 52-week high of C$82.54 and 41% above the low of C$51.85 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of C$106.44 is for.
Which stocks are comparable to Torex Resources Inc?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Torex Resources Inc stock attractive at the current price?
The data as of Nov 12, 2026: price C$73.20, calculated fair value C$106.44 (+45%), Quality Score 64/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TXR calculated?
We run Torex Resources Inc through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of C$106.44 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. Torex Resources Inc currently trades 31% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Torex Resources Inc (TXR)?
The closing price on Nov 11, 2026 was C$73.20. Our model-based fair value is C$106.44, about +45% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Torex Resources Inc right now?
The model range is unusually wide (C$50.21 to C$135.43). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Torex Resources Inc
How large is the market capitalisation of Torex Resources Inc (TXR)?
The market capitalisation of Torex Resources Inc is C$6.7B (≈ $4.7B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Torex Resources Inc (TXR)?
The price-to-sales ratio of Torex Resources Inc is 2.31 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Torex Resources Inc (TXR)?
Earnings per share at Torex Resources Inc are C$9.81 (price ÷ EPS = P/E 7.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Torex Resources Inc (TXR)?
The dividend yield of Torex Resources Inc is 0.6% (payout 4.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Torex Resources Inc (TXR)?
The net margin of Torex Resources Inc is 30.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Torex Resources Inc (TXR)?
The return on equity (ROE) of Torex Resources Inc is 28.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Torex Resources Inc (TXR)?
On an EBIT basis the return on assets of Torex Resources Inc is 16.8% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Torex Resources Inc (TXR)?
The operating margin of Torex Resources Inc is 49.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Torex Resources Inc (TXR)?
Revenue at Torex Resources Inc is growing +33.3% versus a year earlier (3y avg +14.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Torex Resources Inc (TXR)?
Earnings per share at Torex Resources Inc are growing +27.5% versus a year earlier. How much earnings per share grew versus a year earlier.
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