Jacques Perron Acquires 390 Shares of Torex Gold Resources (TSE:TXG) Stock

Torex Gold Resources Inc. (TSE:TXG) Director Jacques Perron acquired 390 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average cost of C$63.19 per share, with a total value of C$24,644.10. Following the completion of the purchase, the director directly owned 390 shares of the company’s stock, valued at approximately C$24,644.10. This represents a ? increase in their position.

Torex Gold Resources Price Performance

TXG stock opened at C$58.17 on Friday. The business’s fifty day moving average price is C$61.43 and its 200 day moving average price is C$65.39. Torex Gold Resources Inc. has a 12-month low of C$38.80 and a 12-month high of C$85.00. The company has a current ratio of 1.37, a quick ratio of 2.12 and a debt-to-equity ratio of 4.01. The company has a market capitalization of C$5.43 billion, a PE ratio of 9.32, a P/E/G ratio of 0.02 and a beta of 1.82.

Torex Gold Resources (TSE:TXG) last announced its earnings results on Wednesday, May 6th. The company reported C$2.89 EPS for the quarter. The company had revenue of C$749.79 million during the quarter. Torex Gold Resources had a return on equity of 26.78% and a net margin of 34.17%. On average, sell-side analysts anticipate that Torex Gold Resources Inc. will post 3.6254502 EPS for the current year.

Torex Gold Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th were given a dividend of $0.16 per share. This is a boost from Torex Gold Resources’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 21st. Torex Gold Resources’s dividend payout ratio is currently 3.48%.

Analyst Upgrades and Downgrades

Separately, National Bank Financial lifted their price objective 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. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Torex Gold Resources presently has a consensus rating of “Buy” and a consensus 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.