Torex Gold Resources Inc. (TXG) To Go Ex-Dividend on August 21st

Torex Gold Resources Inc. (TSE:TXG) declared a quarterly dividend on Friday, August 21st, TickerTech Dividends reports. Investors of record on Friday, September 4th will be paid a dividend of 0.16 per share on Friday, September 4th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st.

Torex Gold Resources Stock Down 3.0%

Shares of TXG opened at C$62.18 on Wednesday. The stock’s 50-day moving average price is C$57.40 and its two-hundred day moving average price is C$61.96. Torex Gold Resources has a 12 month low of C$40.01 and a 12 month high of C$85.00. The company has a market capitalization of C$5.76 billion, a PE ratio of 9.55, a PEG ratio of 0.02 and a beta of 1.96. The company has a current ratio of 1.38, a quick ratio of 2.12 and a debt-to-equity ratio of 3.86.

Torex Gold Resources (TSE:TXG) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.28 earnings per share for the quarter. Torex Gold Resources had a return on equity of 25.62% and a net margin of 33.02%.The company had revenue of C$578.12 million during the quarter. On average, analysts anticipate that Torex Gold Resources will post 3.6254502 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. National Bank Financial decreased their target price on shares of Torex Gold Resources from C$89.00 to C$85.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Scotiabank decreased their price objective on shares of Torex Gold Resources from C$105.00 to C$95.00 in a research report on Friday, August 7th. ATB Cormark Capital Markets cut shares of Torex Gold Resources from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce decreased their price target on Torex Gold Resources from C$100.00 to C$90.00 in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$85.00.

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.