Torex Gold Resources Inc. (TSE:TXG) Director Caroline Donally Acquires 500 Shares

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

Torex Gold Resources Price Performance

Torex Gold Resources stock opened at C$27.60 on Monday. The company’s 50 day simple moving average is C$27.68 and its 200-day simple moving average is C$23.91. The company has a market capitalization of C$2.37 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. Torex Gold Resources Inc. has a 1 year low of C$12.66 and a 1 year high of C$32.10. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.20. The business 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, equities research analysts expect that Torex Gold Resources Inc. will post 3.6254502 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on TXG. National Bank Financial raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada lifted their target price on shares of 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. Scotiabank lifted their target price on shares of Torex Gold Resources from C$27.00 to C$29.00 in a research note on Friday, September 6th. National Bankshares raised shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$31.25 to C$37.75 in a research note on Thursday, October 10th. Finally, Cormark lifted their target price on shares of Torex Gold Resources from C$30.00 to C$33.00 in a research note on Friday, September 6th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$31.86.

Torex Gold Resources Company Profile

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.