Torex Gold Resources (TSE:TXG) Director Jacques Perron Acquires 185 Shares

Torex Gold Resources Inc. (TSE:TXG) Director Jacques Perron purchased 185 shares of the firm’s stock in a transaction 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 acquisition, the director owned 975 shares in the company, valued at C$53,137.50. The trade was a 23.42% increase in their ownership of the stock.

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

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

Torex Gold Resources Trading Down 1.2%

TXG stock opened at C$53.30 on Tuesday. The company has a market cap of C$4.98 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 0.02 and a beta of 1.95. 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 business has a fifty day simple moving average of C$59.53 and a 200-day simple moving average of C$64.57. Torex Gold Resources Inc. has a 52 week low of C$38.80 and a 52 week high of C$85.00.

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

Torex Gold Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th were issued a $0.16 dividend. This is a positive change from Torex Gold Resources’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, May 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.2%. Torex Gold Resources’s dividend payout ratio (DPR) is 3.48%.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial lifted 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average 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.