Torex Gold Resources Inc (TXG) Director Terry Macgibbon Sells 9,524 Shares

Share on StockTwits

Torex Gold Resources Inc (TSE:TXG) Director Terry Macgibbon sold 9,524 shares of the stock in a transaction dated Monday, June 11th. The shares were sold at an average price of C$13.03, for a total transaction of C$124,097.72.

Torex Gold Resources traded down C$0.06, reaching C$12.20, during trading on Thursday, Marketbeat reports. The company had a trading volume of 204,967 shares, compared to its average volume of 475,448. Torex Gold Resources Inc has a 1-year low of C$7.29 and a 1-year high of C$26.23.

Torex Gold Resources (TSE:TXG) last announced its earnings results on Wednesday, May 9th. The company reported C$0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.07. Torex Gold Resources had a negative net margin of 61.27% and a negative return on equity of 14.51%. The company had revenue of C$106.19 million for the quarter.

Several brokerages recently commented on TXG. Eight Capital decreased their price objective on shares of Torex Gold Resources from C$20.25 to C$15.00 in a research report on Friday, February 23rd. TD Securities decreased their price objective on shares of Torex Gold Resources from C$19.00 to C$14.50 in a research report on Wednesday, March 28th. Canaccord Genuity raised their price target on shares of Torex Gold Resources from C$18.50 to C$21.00 in a research report on Monday, April 23rd. Royal Bank of Canada reduced their price target on shares of Torex Gold Resources from C$19.00 to C$18.00 and set an “outperform” rating for the company in a research report on Thursday, May 10th. Finally, BMO Capital Markets reduced their price target on shares of Torex Gold Resources from C$23.00 to C$19.50 in a research report on Wednesday, March 28th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$16.86.

About Torex Gold Resources

Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties. The company explores for gold, silver, and copper deposits. It principally holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna project covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.

Receive News & Ratings for Torex Gold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torex Gold Resources and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand
Yankees Former Ace Ron Guidry Says Luis Severino Will Break His Records
Yankees Former Ace Ron Guidry Says Luis Severino Will Break His Records
Ruptured Biceps Tendon Ends Miguel Cabrera’s Season
Ruptured Biceps Tendon Ends Miguel Cabrera’s Season
Dodgers Getting Big Unexpected Lift from Three Players
Dodgers Getting Big Unexpected Lift from Three Players


Leave a Reply

 
© 2006-2018 BBNS.