Torex Gold Resources Inc. (TSE:TXG) Declares Quarterly Dividend of $0.15

Torex Gold Resources Inc. (TSE:TXG) declared a quarterly dividend on Thursday, March 5th, TickerTech Dividends reports. Stockholders of record on Thursday, March 19th will be paid a dividend of 0.15 per share on Thursday, March 19th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, March 5th.

Torex Gold Resources Price Performance

Shares of TXG traded down C$6.85 during mid-day trading on Tuesday, hitting C$75.86. The company’s stock had a trading volume of 22,654 shares, compared to its average volume of 794,774. The company has a current ratio of 1.16, a quick ratio of 2.12 and a debt-to-equity ratio of 8.34. Torex Gold Resources has a 1-year low of C$30.66 and a 1-year high of C$85.00. The firm has a market capitalization of C$7.30 billion, a P/E ratio of 16.75, a P/E/G ratio of 0.02 and a beta of 1.13. The firm has a 50-day simple moving average of C$69.72 and a 200 day simple moving average of C$61.93.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TXG shares. Scotiabank upped their price target on shares of Torex Gold Resources from C$72.00 to C$95.00 in a research note on Monday, January 26th. Royal Bank Of Canada upped their target price on shares of Torex Gold Resources from C$77.00 to C$94.00 in a research report on Wednesday, December 10th. National Bank Financial dropped their target price on shares of Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating for the company in a report on Tuesday, December 9th. TD Securities boosted their price target on Torex Gold Resources from C$78.00 to C$96.00 in a research note on Thursday, January 22nd. Finally, Canadian Imperial Bank of Commerce raised their price objective on Torex Gold Resources from C$90.00 to C$100.00 in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$78.10.

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.