Insider Selling: Torex Gold Resources Inc. (TSE:TXG) Senior Officer Sells 5,623 Shares of Stock

Torex Gold Resources Inc. (TSE:TXG) Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of Torex Gold Resources stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total transaction of C$162,898.31.

Torex Gold Resources Stock Performance

Shares of Torex Gold Resources stock traded up C$1.33 on Friday, reaching C$30.32. The stock had a trading volume of 362,418 shares, compared to its average volume of 244,370. The business’s 50-day moving average price is C$28.73 and its two-hundred day moving average price is C$26.57. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09. Torex Gold Resources Inc. has a fifty-two week low of C$12.79 and a fifty-two week high of C$32.75. The stock has a market cap of C$2.61 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34.

Torex Gold Resources (TSE:TXG) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$1.02 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. The business had revenue of C$427.96 million during the quarter. On average, sell-side analysts forecast that Torex Gold Resources Inc. will post 3.6254502 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on TXG shares. National Bankshares raised shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$31.25 to C$37.75 in a research report on Thursday, October 10th. Royal Bank of Canada boosted their price objective on shares of Torex Gold Resources from C$34.00 to C$37.00 in a research report on Friday, December 6th. CIBC boosted their price objective on shares of Torex Gold Resources from C$33.00 to C$34.50 in a research report on Monday, December 2nd. TD Securities boosted their price objective on shares of Torex Gold Resources from C$34.00 to C$38.00 in a research report on Friday, October 18th. Finally, Scotiabank boosted their price objective on shares of Torex Gold Resources from C$33.00 to C$37.00 in a research report on Thursday, November 21st. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$34.81.

About Torex Gold Resources

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.