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

Torex Gold Resources Inc. (TSE:TXG) Director Caroline Donally purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of C$28.03 per share, with a total value of C$14,013.00. Following the completion of the purchase, the director now directly owns 500 shares of the company’s stock, valued at approximately C$14,013. This represents a ? increase in their position.

Torex Gold Resources Stock Up 3.9 %

TXG stock opened at C$28.67 on Tuesday. The stock has a market cap of C$2.47 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The firm’s 50-day simple moving average is C$27.75 and its 200 day simple moving average is C$23.94. Torex Gold Resources Inc. has a fifty-two week low of C$12.75 and a fifty-two week high of C$32.10. 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 (TSE:TXG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.82 by C$0.20. The company had revenue of C$427.96 million for the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. As a group, sell-side analysts predict that Torex Gold Resources Inc. will post 3.6254502 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts 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 stock an “outperform” rating in a research note on Tuesday, September 10th. Canaccord Genuity Group raised their price target on shares of Torex Gold Resources from C$30.50 to C$32.00 in a research report on Tuesday, July 23rd. TD Securities lifted their price target on shares of Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Scotiabank increased their price objective on shares of Torex Gold Resources from C$27.00 to C$29.00 in a research note on Friday, September 6th. Finally, Cormark lifted their target price on Torex Gold Resources from C$30.00 to C$33.00 in a research note on Friday, September 6th. 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, Torex Gold Resources presently has a consensus rating of “Buy” and a consensus price target of C$31.86.

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.