Caroline Donally Buys 500 Shares of Torex Gold Resources Inc. (TSE:TXG) Stock

Torex Gold Resources Inc. (TSE:TXG) Director Caroline Donally purchased 500 shares of the stock in a transaction on Friday, November 15th. The shares were purchased at an average cost of C$28.03 per share, with a total value of C$14,013.00. Following the transaction, the director now owns 500 shares of the company’s stock, valued at C$14,013. This trade represents a ∞ increase in their position.

Torex Gold Resources Stock Performance

Shares of TXG stock opened at C$28.67 on Tuesday. The company’s fifty day moving average price is C$27.75 and its two-hundred day moving average price is C$23.94. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.09 and a quick ratio of 2.12. The firm has a market capitalization of C$2.47 billion, a P/E ratio of 17.27, a P/E/G ratio of 0.02 and a beta of 1.34. Torex Gold Resources Inc. has a 12 month low of C$12.75 and a 12 month high of C$32.10.

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 analysts’ consensus estimates of C$0.82 by C$0.20. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The firm had revenue of C$427.96 million during the quarter. On average, research analysts anticipate that Torex Gold Resources Inc. will post 3.6254502 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. BMO Capital Markets boosted their target price on Torex Gold Resources from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Cormark boosted their price objective on shares of Torex Gold Resources from C$30.00 to C$33.00 in a research note on Friday, September 6th. TD Securities increased their price objective on shares of Torex Gold Resources from C$34.00 to C$38.00 in a research report on Friday, October 18th. Scotiabank lifted their target price on shares of Torex Gold Resources from C$27.00 to C$29.00 in a report on Friday, September 6th. Finally, National Bankshares upgraded Torex Gold Resources from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$31.25 to C$37.75 in a report on Thursday, October 10th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Torex Gold Resources presently has a consensus rating of “Buy” and a consensus price target of C$31.86.

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.