Torex Gold Resources (TSE:TXG) Director Jacques Perron Acquires 390 Shares

Torex Gold Resources Inc. (TSE:TXG) Director Jacques Perron purchased 390 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average cost of C$63.19 per share, with a total value of C$24,644.10. Following the acquisition, the director owned 390 shares of the company’s stock, valued at approximately C$24,644.10. The trade was a ∞ increase in their position.

Torex Gold Resources Stock Performance

Shares of Torex Gold Resources stock opened at C$60.73 on Friday. Torex Gold Resources Inc. has a one year low of C$38.80 and a one year high of C$85.00. The company has a market cap of C$5.67 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 0.02 and a beta of 1.82. The company has a debt-to-equity ratio of 4.01, a quick ratio of 2.12 and a current ratio of 1.37. The business’s 50 day moving average price is C$61.59 and its 200 day moving average price is C$65.44.

Torex Gold Resources (TSE:TXG) last issued its earnings results on Wednesday, May 6th. The company reported C$2.89 earnings per share (EPS) for the quarter. Torex Gold Resources had a return on equity of 26.78% and a net margin of 34.17%.The company had revenue of C$749.79 million during the quarter. On average, research analysts predict that Torex Gold Resources Inc. will post 3.6254502 EPS for the current year.

Torex Gold Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, June 4th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, May 21st. This is an increase from Torex Gold Resources’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 1.1%. Torex Gold Resources’s dividend payout ratio (DPR) is 3.48%.

Wall Street Analyst Weigh In

Separately, National Bank Financial boosted their target price on shares of Torex Gold Resources from C$98.00 to C$101.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$85.75.

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.