Jacques Perron Buys 185 Shares of Torex Gold Resources (TSE:TXG) Stock

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

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

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

Torex Gold Resources Trading Up 3.2%

TXG opened at C$54.99 on Wednesday. Torex Gold Resources Inc. has a twelve month low of C$38.80 and a twelve month high of C$85.00. The company has a 50-day simple moving average of C$59.52 and a 200 day simple moving average of C$64.47. The company has a quick ratio of 2.12, a current ratio of 1.37 and a debt-to-equity ratio of 4.01. The stock has a market capitalization of C$5.13 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 0.02 and a beta of 1.95.

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

Torex Gold Resources Increases Dividend

The company also recently declared 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 represents a $0.64 annualized dividend and a dividend yield of 1.2%. This is a positive change from Torex Gold Resources’s previous quarterly dividend of $0.15. Torex Gold Resources’s dividend payout ratio (DPR) is 3.48%.

Analyst Upgrades and Downgrades

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