Torex Gold Resources (TSE:TXG) Director Jacques Perron Acquires 390 Shares of Stock

Torex Gold Resources Inc. (TSE:TXG) Director Jacques Perron bought 390 shares of the 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 completion of the acquisition, the director owned 390 shares in the company, valued at approximately C$24,644.10. The trade was a ∞ increase in their ownership of the stock.

Torex Gold Resources Price Performance

Shares of TXG stock traded down C$2.13 during trading hours on Thursday, reaching C$60.53. The company had a trading volume of 530,447 shares, compared to its average volume of 673,500. The company has a debt-to-equity ratio of 4.01, a quick ratio of 2.12 and a current ratio of 1.37. The stock has a fifty day moving average of C$61.69 and a 200-day moving average of C$65.47. The company has a market capitalization of C$5.65 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 0.02 and a beta of 1.82. Torex Gold Resources Inc. has a 12-month low of C$38.80 and a 12-month high of C$85.00.

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

Torex Gold Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were paid a $0.16 dividend. This is a boost from Torex Gold Resources’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.1%. Torex Gold Resources’s dividend payout ratio is 3.48%.

Analysts Set New Price Targets

Separately, National Bank Financial lifted their price target on Torex Gold Resources from C$98.00 to C$101.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Torex Gold Resources currently has a consensus rating of “Buy” and a consensus target price of C$85.75.

About Torex Gold Resources

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.