Torex Gold Resources Inc. (TSE:TXG) Director Buys C$27,908.00 in Stock

Torex Gold Resources Inc. (TSE:TXG) Director Caroline Donally purchased 1,000 shares of the company’s stock in a transaction on Monday, January 20th. The shares were bought at an average price of C$27.91 per share, for a total transaction of C$27,908.00.

Caroline Donally also recently made the following trade(s):

• On Tuesday, November 26th, Caroline Donally acquired 500 shares of Torex Gold Resources stock. The stock was bought at an average price of C$28.01 per share, with a total value of C$14,006.00.
• On Friday, November 15th, Caroline Donally bought 500 shares of Torex Gold Resources stock. The shares were purchased at an average cost of C$28.03 per share, for a total transaction of C$14,013.00.

Torex Gold Resources Price Performance

TXG stock opened at C$30.32 on Friday. The firm has a 50-day moving average of C$28.78 and a two-hundred day moving average of C$26.66. The firm has a market capitalization of C$2.61 billion, a PE ratio of 18.27, a P/E/G 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 one year low of C$12.79 and a one year high of C$32.75.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TXG shares. National Bank Financial upgraded Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Raymond James boosted their price target on shares of Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. National Bankshares upgraded shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$31.25 to C$37.75 in a research report on Thursday, October 10th. CIBC boosted their target price on shares of Torex Gold Resources from C$33.00 to C$34.50 in a report on Monday, December 2nd. Finally, TD Securities increased their target price on shares of Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$34.81.

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.