Torex Gold Resources Inc. (TXG) To Go Ex-Dividend on May 21st

Torex Gold Resources Inc. (TSE:TXG) declared a quarterly dividend on Thursday, May 21st, TickerTech Dividends reports. Investors of record on Thursday, June 4th will be given a dividend of 0.16 per share on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 21st. This is a 6.7% increase from Torex Gold Resources’s previous quarterly dividend of $0.15.

Torex Gold Resources Price Performance

Shares of TSE TXG opened at C$61.10 on Tuesday. The stock’s 50-day moving average is C$63.89 and its two-hundred day moving average is C$65.79. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.37 and a quick ratio of 2.12. Torex Gold Resources has a 1-year low of C$38.80 and a 1-year high of C$85.00. The company has a market cap of C$5.70 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 0.02 and a beta of 1.85.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TXG shares. Scotiabank upped their target price on shares of Torex Gold Resources from C$72.00 to C$95.00 in a research note on Monday, January 26th. National Bank Financial lifted 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 note 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 report on Wednesday, February 4th. Finally, TD Securities increased their price objective on shares of Torex Gold Resources from C$78.00 to C$96.00 in a research report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target 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.