Torex Gold Resources Inc (TSE:TXG) Director Franklin Lorie Davis sold 12,039 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of C$10.25, for a total value of C$123,399.75.

TXG stock opened at C$10.28 on Friday. Torex Gold Resources Inc has a 52-week low of C$7.29 and a 52-week high of C$20.93.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings data on Thursday, August 9th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.19 by C($0.02). Torex Gold Resources had a negative return on equity of 14.51% and a negative net margin of 61.27%. The business had revenue of C$131.39 million for the quarter.

Several equities research analysts have recently issued reports on the company. Eight Capital decreased their price objective on Torex Gold Resources from C$15.85 to C$15.50 in a report on Thursday, September 6th. TD Securities cut Torex Gold Resources from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$17.00 to C$13.00 in a report on Tuesday, July 24th. Finally, Canaccord Genuity decreased their price objective on Torex Gold Resources from C$18.00 to C$15.00 in a report on Tuesday, July 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Torex Gold Resources currently has an average rating of “Buy” and a consensus price target of C$15.86.

Torex Gold Resources Company Profile

Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties. The company explores for gold, silver, and copper deposits. It principally holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna project covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.

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