Torex Gold Resources (TSE:TXG) Insider Buys C$50,019.75 in Stock

Torex Gold Resources Inc. (TSE:TXG) insider Daniel James Thomas Rollins acquired 825 shares of Torex Gold Resources stock in a transaction on Monday, May 25th. The shares were bought at an average cost of C$60.63 per share, for a total transaction of C$50,019.75. Following the completion of the transaction, the insider owned 13,076 shares in the company, valued at approximately C$792,797.88. This trade represents a 6.73% increase in their position.

Torex Gold Resources Stock Down 4.3%

Shares of Torex Gold Resources stock opened at C$58.82 on Thursday. The company has a current ratio of 1.37, a quick ratio of 2.12 and a debt-to-equity ratio of 4.01. The company’s fifty day simple moving average is C$62.25 and its two-hundred day simple moving average is C$65.89. The company has a market cap of C$5.49 billion, a P/E ratio of 9.43, a PEG ratio of 0.02 and a beta of 1.85. Torex Gold Resources Inc. has a 12-month low of C$38.80 and a 12-month high of C$85.00.

Torex Gold Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, May 21st. This is an increase from Torex Gold Resources’s previous quarterly dividend of $0.15. Torex Gold Resources’s payout ratio is presently 3.48%.

Wall Street Analyst Weigh In

TXG has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce boosted their price objective on shares of Torex Gold Resources from C$90.00 to C$100.00 in a research report on Wednesday, February 4th. National Bank Financial boosted their price objective on shares of Torex Gold Resources from C$98.00 to C$101.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$85.75.

Torex Gold Resources Company Profile

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.