Torex Gold Resources Inc. (TSE:TXG) Declares Quarterly Dividend of $0.16

Torex Gold Resources Inc. (TSE:TXG) announced a quarterly dividend on Thursday, May 21st, TickerTech Dividends reports. Shareholders of record on Thursday, June 4th will be given a dividend of 0.16 per share on Thursday, June 4th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 21st. This is a 6.7% increase from Torex Gold Resources’s previous quarterly dividend of $0.15.

Torex Gold Resources Price Performance

TSE TXG opened at C$61.10 on Tuesday. The business has a fifty day moving average price of C$63.89 and a two-hundred day moving average price of C$65.79. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.37 and a quick ratio of 2.12. Torex Gold Resources has a fifty-two week low of C$38.80 and a fifty-two week high of C$85.00. The stock has a market capitalization of C$5.70 billion, a PE ratio of 9.79, a PEG ratio of 0.02 and a beta of 1.85.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TXG. Scotiabank upped their price target on shares of Torex Gold Resources from C$72.00 to C$95.00 in a report on Monday, January 26th. TD Securities upped their price target on shares of Torex Gold Resources from C$78.00 to C$96.00 in a report on Thursday, January 22nd. National Bank Financial upped their price target on shares of Torex Gold Resources from C$98.00 to C$101.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Torex Gold Resources from C$90.00 to C$100.00 in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Torex Gold Resources has a consensus rating of “Buy” and a consensus price target of C$85.75.

Torex Gold Resources Company Profile

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.