Torex Gold Resources (TSE:TXG) Director Purchases C$24,644.10 in Stock

Torex Gold Resources Inc. (TSE:TXG) Director Jacques Perron acquired 390 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were bought at an average price of C$63.19 per share, for a total transaction 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. This represents a ∞ increase in their ownership of the stock.

Torex Gold Resources Stock Performance

Shares of Torex Gold Resources stock opened at C$58.17 on Friday. The company has a 50 day moving average price of C$61.43 and a 200 day moving average price of C$65.39. The firm has a market capitalization of C$5.43 billion, a P/E ratio of 9.32, a PEG ratio of 0.02 and a beta of 1.82. The company has a quick ratio of 2.12, a current ratio of 1.37 and a debt-to-equity ratio of 4.01. Torex Gold Resources Inc. has a 52 week low of C$38.80 and a 52 week high of C$85.00.

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

Torex Gold Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th were paid 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 dividend yield of 1.1%. Torex Gold Resources’s payout ratio is presently 3.48%.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upped 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average 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.