Torex Gold Resources (TSE:TXG) Director Buys C$10,082.50 in Stock

Torex Gold Resources Inc. (TSE:TXG) Director Jacques Perron acquired 185 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was acquired at an average price of C$54.50 per share, for a total transaction of C$10,082.50. Following the completion of the acquisition, the director directly owned 975 shares of the company’s stock, valued at C$53,137.50. The trade was a 23.42% increase in their position.

Jacques Perron also recently made the following trade(s):

• On Wednesday, June 17th, Jacques Perron acquired 390 shares of Torex Gold Resources stock. The shares were acquired at an average cost of C$63.19 per share, with a total value of C$24,644.10.

Torex Gold Resources Trading Down 0.3%

TSE TXG opened at C$54.83 on Thursday. The firm’s 50-day moving average is C$59.42 and its two-hundred day moving average is C$64.38. Torex Gold Resources Inc. has a 12 month low of C$38.80 and a 12 month high of C$85.00. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.37 and a quick ratio of 2.12. The stock has a market capitalization of C$5.12 billion, a P/E ratio of 8.79, a PEG ratio of 0.02 and a beta of 1.95.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$2.89 earnings per share for the quarter. The business had revenue of C$749.79 million during the quarter. Torex Gold Resources had a net margin of 34.17% and a return on equity of 26.78%. On average, sell-side analysts anticipate that Torex Gold Resources Inc. will post 3.6254502 earnings per share 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 issued a $0.16 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.64 annualized dividend and a dividend yield of 1.2%. This is a boost from Torex Gold Resources’s previous quarterly dividend of $0.15. Torex Gold Resources’s dividend payout ratio (DPR) is presently 3.48%.

Analyst Ratings Changes

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