Torex Gold Resources (TSE:TXG) Posts Earnings Results

Torex Gold Resources (TSE:TXG) announced its quarterly earnings data on Thursday. The company reported C$1.28 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$578.12 million during the quarter. Torex Gold Resources had a return on equity of 26.78% and a net margin of 34.17%.

Torex Gold Resources Trading Down 1.4%

Shares of TXG stock opened at C$59.81 on Friday. 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 stock has a fifty day simple moving average of C$56.92 and a two-hundred day simple moving average of C$62.89. The firm has a market capitalization of C$5.58 billion, a PE ratio of 9.58, a PEG ratio of 0.02 and a beta of 1.96. Torex Gold Resources has a 52-week low of C$40.01 and a 52-week high of C$85.00.

Torex Gold Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, May 21st. This is a boost from Torex Gold Resources’s previous quarterly dividend of $0.15. Torex Gold Resources’s dividend payout ratio (DPR) is currently 3.48%.

Insider Activity at Torex Gold Resources

In other Torex Gold Resources news, insider Daniel James Thomas Rollins acquired 850 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average cost of C$61.51 per share, for a total transaction of C$52,283.50. Following the completion of the transaction, the insider directly owned 13,926 shares of the company’s stock, valued at approximately C$856,588.26. The trade was a 6.50% increase in their ownership of the stock. Insiders bought 2,250 shares of company stock valued at $137,030 in the last quarter. 0.35% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, National Bank Financial raised their target price on shares of Torex Gold Resources from C$98.00 to C$101.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$88.71.

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.