Insider Selling: Torex Gold Resources Inc. (TSE:TXG) Senior Officer Sells 5,623 Shares of Stock

Torex Gold Resources Inc. (TSE:TXG) Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of Torex Gold Resources stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of C$28.97, for a total value of C$162,898.31.

Torex Gold Resources Stock Up 4.6 %

TXG stock traded up C$1.33 during mid-day trading on Friday, hitting C$30.32. 362,418 shares of the company were exchanged, compared to its average volume of 244,370. The company has a market capitalization of C$2.61 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The company has a current ratio of 1.09, a quick ratio of 2.12 and a debt-to-equity ratio of 7.32. Torex Gold Resources Inc. has a twelve month low of C$12.79 and a twelve month high of C$32.75. The firm has a fifty day simple moving average of C$28.73 and a 200 day simple moving average of C$26.57.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$1.02 earnings per share for the quarter, topping the consensus estimate of C$0.82 by C$0.20. The company had revenue of C$427.96 million during the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. On average, research analysts forecast that Torex Gold Resources Inc. will post 3.6254502 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TXG shares. CIBC lifted their target price on Torex Gold Resources from C$33.00 to C$34.50 in a report on Monday, December 2nd. Royal Bank of Canada raised their target price on Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. Raymond James upped their price target on Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. Scotiabank boosted their target price on shares of Torex Gold Resources from C$33.00 to C$37.00 in a research report on Thursday, November 21st. Finally, National Bank Financial raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$34.81.

About Torex Gold Resources

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.