Daniel James Thomas Rollins Purchases 850 Shares of Torex Gold Resources (TSE:TXG) Stock

Torex Gold Resources Inc. (TSE:TXG) insider Daniel James Thomas Rollins purchased 850 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average cost of C$61.51 per share, for a total transaction of C$52,283.50. Following the purchase, the insider owned 13,926 shares in the company, valued at C$856,588.26. This trade represents a 6.50% increase in their ownership of the stock.

Daniel James Thomas Rollins also recently made the following trade(s):

• On Monday, May 25th, Daniel James Thomas Rollins purchased 825 shares of Torex Gold Resources stock. The stock was bought at an average cost of C$60.63 per share, for a total transaction of C$50,019.75.

Torex Gold Resources Stock Performance

TXG stock opened at C$61.76 on Friday. The business’s fifty day moving average is C$62.62 and its 200-day moving average is C$65.81. The company has a quick ratio of 2.12, a current ratio of 1.37 and a debt-to-equity ratio of 4.01. The company has a market cap of C$5.77 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 0.02 and a beta of 1.85. Torex Gold Resources Inc. has a twelve month low of C$38.80 and a twelve month high of C$85.00.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$2.89 earnings per share for the quarter. The company had revenue of C$749.79 million for the quarter. Torex Gold Resources had a return on equity of 26.78% and a net margin of 34.17%. Equities research analysts forecast that Torex Gold Resources Inc. will post 3.6254502 EPS for the current year.

Torex Gold Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, June 4th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, May 21st. This is a boost from Torex Gold Resources’s previous quarterly dividend of $0.15. Torex Gold Resources’s dividend payout ratio (DPR) is 3.48%.

Analyst Upgrades and Downgrades

Separately, National Bank Financial raised their price objective on Torex Gold Resources from C$98.00 to C$101.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.