Jacques Perron Buys 185 Shares of Torex Gold Resources (TSE:TXG) Stock

Torex Gold Resources Inc. (TSE:TXG) Director Jacques Perron bought 185 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was acquired at an average cost of C$54.50 per share, with a total value of C$10,082.50. Following the completion of the transaction, the director directly owned 975 shares of the company’s stock, valued at approximately C$53,137.50. This represents a 23.42% increase in their ownership of the stock.

Jacques Perron also recently made the following trade(s):

• On Wednesday, June 17th, Jacques Perron purchased 390 shares of Torex Gold Resources stock. The shares were acquired at an average price of C$63.19 per share, for a total transaction of C$24,644.10.

Torex Gold Resources Stock Down 2.6%

Shares of Torex Gold Resources stock traded down C$1.42 during midday trading on Monday, reaching C$52.54. 215,994 shares of the company’s stock traded hands, compared to its average volume of 649,642. The company has a market cap of C$4.90 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 0.02 and a beta of 1.95. The company’s 50 day simple moving average is C$59.59 and its 200 day simple moving average is C$64.69. The company has a debt-to-equity ratio of 4.01, a quick ratio of 2.12 and a current ratio of 1.37. Torex Gold Resources Inc. has a 52 week low of C$38.80 and a 52 week high of C$85.00.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$2.89 earnings per share (EPS) for the quarter. The business had revenue of C$749.79 million during the quarter. Torex Gold Resources had a net margin of 34.17% and a return on equity of 26.78%. Equities analysts expect that Torex Gold Resources Inc. will post 3.6254502 earnings per share for the current fiscal year.

Torex Gold Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.2%. This is an increase from Torex Gold Resources’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, May 21st. Torex Gold Resources’s dividend payout ratio is 3.48%.

Analyst Ratings Changes

Separately, National Bank Financial upped their price target on Torex Gold Resources from C$98.00 to C$101.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Torex Gold Resources presently has an average rating of “Buy” and a consensus price target of C$85.75.

About Torex Gold Resources

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.