Insider Buying: Torex Gold Resources Inc. (TSE:TXG) Director Purchases 500 Shares of Stock

Torex Gold Resources Inc. (TSE:TXG) Director Caroline Donally bought 500 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average price of C$28.01 per share, with a total value of C$14,006.00.

Caroline Donally also recently made the following trade(s):

• On Friday, November 15th, Caroline Donally bought 500 shares of Torex Gold Resources stock. The shares were acquired at an average cost of C$28.03 per share, for a total transaction of C$14,013.00.

Torex Gold Resources Trading Up 0.3 %

TXG stock traded up C$0.09 on Tuesday, reaching C$28.63. The company’s stock had a trading volume of 274,686 shares, compared to its average volume of 262,171. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09. The business has a fifty day simple moving average of C$28.29 and a two-hundred day simple moving average of C$24.31. The firm has a market cap of C$2.46 billion, a PE ratio of 17.38, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources Inc. has a 12-month low of C$12.79 and a 12-month high of C$32.10.

Torex Gold Resources (TSE:TXG) last announced its earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share for the quarter, beating 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 firm had revenue of C$427.96 million for the quarter. As a group, research analysts forecast that Torex Gold Resources Inc. will post 3.6254502 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TXG shares. Royal Bank of Canada raised their price objective on Torex Gold Resources from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Cormark lifted their price target on Torex Gold Resources from C$30.00 to C$33.00 in a research note on Friday, September 6th. National Bankshares raised Torex Gold Resources from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$31.25 to C$37.75 in a research note on Thursday, October 10th. National Bank Financial raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Scotiabank upped their price target on shares of Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$32.75.

Torex Gold Resources Company Profile

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.