Torex Gold Resources Inc. (TSE:TXG) Director Caroline Donally Purchases 500 Shares

Torex Gold Resources Inc. (TSE:TXG) Director Caroline Donally acquired 500 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were purchased at an average cost of C$28.03 per share, with a total value of C$14,013.00. Following the acquisition, the director now owns 500 shares of the company’s stock, valued at approximately C$14,013. This represents a ∞ increase in their position.

Torex Gold Resources Trading Down 0.9 %

TSE TXG traded down C$0.26 during trading hours on Friday, hitting C$27.60. The company’s stock had a trading volume of 185,600 shares, compared to its average volume of 261,045. Torex Gold Resources Inc. has a twelve month low of C$12.66 and a twelve month high of C$32.10. The firm has a market capitalization of C$2.37 billion, a P/E ratio of 16.63, a PEG ratio of 0.02 and a beta of 1.34. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. The stock has a fifty day moving average of C$27.68 and a 200 day moving average of C$23.91.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.82 by C$0.20. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The business had revenue of C$427.96 million for the quarter. Equities research analysts forecast that Torex Gold Resources Inc. will post 3.6254502 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TXG. Canaccord Genuity Group raised their price target on Torex Gold Resources from C$30.50 to C$32.00 in a report on Tuesday, July 23rd. BMO Capital Markets raised their target price on Torex Gold Resources from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. TD Securities increased their price objective on shares of Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Cormark boosted their target price on shares of Torex Gold Resources from C$30.00 to C$33.00 in a research note on Friday, September 6th. Finally, Royal Bank of Canada upped their target price on shares of Torex Gold Resources from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Torex Gold Resources has a consensus rating of “Buy” and an average price target of C$31.86.

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.