Daniel James Thomas Rollins Purchases 850 Shares of Torex Gold Resources (TSE:TXG) Stock

Torex Gold Resources Inc. (TSE:TXG) insider Daniel James Thomas Rollins acquired 850 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average cost of C$61.51 per share, with a total value of C$52,283.50. Following the acquisition, the insider owned 13,926 shares of the company’s stock, valued at C$856,588.26. This trade represents a 6.50% increase in their ownership of the stock.

Daniel James Thomas Rollins also recently made the following trade(s):

• On Monday, May 25th, Daniel James Thomas Rollins acquired 825 shares of Torex Gold Resources stock. The stock was acquired at an average cost of C$60.63 per share, with a total value of C$50,019.75.

Torex Gold Resources Stock Performance

Torex Gold Resources stock traded down C$1.42 during mid-day trading on Wednesday, reaching C$60.21. The company’s stock had a trading volume of 161,807 shares, compared to its average volume of 662,589. The firm has a market cap of C$5.62 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.02 and a beta of 1.85. The business has a 50 day moving average price of C$62.32 and a 200-day moving average price of C$65.88. The company has a current ratio of 1.37, a quick ratio of 2.12 and a debt-to-equity ratio of 4.01. Torex Gold Resources Inc. has a twelve month low of C$38.80 and a twelve month high of C$85.00.

Torex Gold Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.1%. This is a positive change from Torex Gold Resources’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, May 21st. Torex Gold Resources’s dividend payout ratio is presently 3.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TXG shares. 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. National Bank Financial boosted their price target on shares of Torex Gold Resources from C$98.00 to C$101.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, 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.