Daniel James Thomas Rollins Buys 825 Shares of Torex Gold Resources (TSE:TXG) Stock

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

Torex Gold Resources Price Performance

Shares of TXG stock traded up C$2.31 on Monday, hitting C$60.86. 44,610 shares of the stock traded hands, compared to its average volume of 679,284. The firm has a market cap of C$5.68 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.02 and a beta of 1.85. Torex Gold Resources Inc. has a 52 week low of C$38.80 and a 52 week high of C$85.00. The firm has a 50 day simple moving average of C$62.69 and a two-hundred day simple moving average of C$65.83. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.37 and a quick ratio of 2.12.

Torex Gold Resources Increases Dividend

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

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Scotiabank lifted their price target on shares of Torex Gold Resources from C$72.00 to C$95.00 in a report on Monday, January 26th. Canadian Imperial Bank of Commerce lifted their price target on shares of Torex Gold Resources from C$90.00 to C$100.00 in a report on Wednesday, February 4th. Finally, National Bank Financial lifted their price target on shares of Torex Gold Resources from C$98.00 to C$101.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price 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.