Torex Gold Resources (TSE:TXG) Stock Price Up 10.9% – What’s Next?

Torex Gold Resources Inc. (TSE:TXG) shot up 10.9% during trading on Thursday . The stock traded as high as C$67.03 and last traded at C$66.63. 318,415 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 691,123 shares. The stock had previously closed at C$60.09.

Wall Street Analyst Weigh In

Several research firms have recently commented on TXG. Canadian Imperial Bank of Commerce increased their price target on Torex Gold Resources from C$90.00 to C$100.00 in a research note on Wednesday, February 4th. Scotiabank increased their price target on Torex Gold Resources from C$72.00 to C$95.00 in a research note on Monday, January 26th. Finally, TD Securities increased their price target on Torex Gold Resources from C$78.00 to C$96.00 in a research note on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$83.75.

Torex Gold Resources Stock Up 5.1%

The company has a current ratio of 1.37, a quick ratio of 2.12 and a debt-to-equity ratio of 4.01. The stock has a market cap of C$6.40 billion, a P/E ratio of 10.99, a PEG ratio of 0.02 and a beta of 1.85. The firm has a 50-day simple moving average of C$65.59 and a two-hundred day simple moving average of C$65.43.

Torex Gold Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 19th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, March 5th. This represents a $0.60 annualized dividend and a yield of 0.9%. Torex Gold Resources’s dividend payout ratio (DPR) is presently 3.48%.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, which is currently Mexico’s largest single gold producer.