Thor Explorations’ (THX) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Thor Explorations (LON:THX) in a research note issued to investors on Tuesday,Digital Look reports. The brokerage currently has a GBX 130 price target on the stock.

Separately, Shore Capital Group restated a “buy” rating on shares of Thor Explorations in a research report on Monday, April 13th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 130.

Thor Explorations Stock Down 1.0%

LON:THX opened at GBX 57.40 on Tuesday. Thor Explorations has a 52-week low of GBX 47 and a 52-week high of GBX 101. The stock has a fifty day simple moving average of GBX 58.37 and a 200-day simple moving average of GBX 71.41. The company has a market capitalization of £382.61 million, a PE ratio of 1.81 and a beta of 1.74.

Thor Explorations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, August 14th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.05 annualized dividend and a yield of 0.1%. Thor Explorations’s dividend payout ratio (DPR) is presently 11.37%.

Insider Buying and Selling at Thor Explorations

In related news, insider Adrian J. G. Coates purchased 41,400 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of GBX 56 per share, with a total value of £23,184. 12.62% of the stock is currently owned by company insiders.

Thor Explorations Company Profile

Thor Explorations Ltd is a proven low-cost gold producer with a growing diversified Portfolio of mineral assets in West Africa, listed on both the AIM Market of the London Stock Exchange (AIM: THX) and the TSX Venture Exchange (TSX-V: THX).