Daniel James Thomas Rollins Purchases 850 Shares of Torex Gold Resources (TSE:TXG) Stock

Torex Gold Resources Inc. (TSE:TXG) insider Daniel James Thomas Rollins acquired 850 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average price of C$61.51 per share, for a total transaction of C$52,283.50. Following the completion of the purchase, the insider owned 13,926 shares of the company’s stock, valued at approximately C$856,588.26. This represents a 6.50% increase in their ownership of the stock.

Daniel James Thomas Rollins also recently made the following trade(s):

• On Monday, May 25th, Daniel James Thomas Rollins acquired 825 shares of Torex Gold Resources stock. The shares were bought at an average price of C$60.63 per share, for a total transaction of C$50,019.75.

Torex Gold Resources Stock Performance

Shares of TSE TXG traded down C$1.42 during midday trading on Wednesday, reaching C$60.21. 161,807 shares of the company traded hands, compared to its average volume of 662,589. Torex Gold Resources Inc. has a 52 week low of C$38.80 and a 52 week high of C$85.00. The stock has a 50-day moving average price of C$62.32 and a 200 day moving average price of C$65.88. 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 company has a market cap of C$5.62 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.02 and a beta of 1.85.

Torex Gold Resources Increases Dividend

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

Wall Street Analyst Weigh In

TXG has been the topic of several research reports. National Bank Financial boosted their price target on shares of Torex Gold Resources from C$98.00 to C$101.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Canadian Imperial Bank of Commerce boosted their price target on shares of Torex Gold Resources from C$90.00 to C$100.00 in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$85.75.

About Torex Gold Resources

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.