Torex Gold Resources Inc. (TSE:TXG) Director Purchases C$27,908.00 in Stock

Torex Gold Resources Inc. (TSE:TXG) Director Caroline Donally purchased 1,000 shares of Torex Gold Resources stock in a transaction that occurred on Monday, January 20th. The stock was acquired at an average cost of C$27.91 per share, with a total value of C$27,908.00.

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

• On Tuesday, November 26th, Caroline Donally bought 500 shares of Torex Gold Resources stock. The shares were purchased at an average cost of C$28.01 per share, for a total transaction of C$14,006.00.
• On Friday, November 15th, Caroline Donally bought 500 shares of Torex Gold Resources stock. The shares were purchased at an average cost of C$28.03 per share, for a total transaction of C$14,013.00.

Torex Gold Resources Stock Up 5.7 %

Shares of Torex Gold Resources stock traded up C$1.64 during midday trading on Friday, hitting C$30.63. The company’s stock had a trading volume of 226,196 shares, compared to its average volume of 237,917. The firm has a market capitalization of C$2.63 billion, a P/E ratio of 18.45, a PEG ratio of 0.02 and a beta of 1.34. The stock has a 50-day simple moving average of C$28.73 and a 200-day simple moving average of C$26.57. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. Torex Gold Resources Inc. has a 1-year low of C$12.79 and a 1-year high of C$32.75.

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

Analyst Ratings Changes

A number of research analysts have commented on the company. Raymond James increased their target price on Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. National Bankshares upgraded Torex Gold Resources from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$31.25 to C$37.75 in a research report on Thursday, October 10th. Royal Bank of Canada increased their price target on Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. TD Securities increased their price target on Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th. Finally, CIBC raised their price objective on Torex Gold Resources from C$33.00 to C$34.50 in a research note on Monday, December 2nd. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$34.81.

About Torex Gold Resources

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.