Insider Buying: Torex Gold Resources (TSE:TXG) Insider Acquires C$52,283.50 in Stock

Torex Gold Resources Inc. (TSE:TXG) insider Daniel James Thomas Rollins bought 850 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average price of C$61.51 per share, for a total transaction of C$52,283.50. Following the completion of the acquisition, the insider directly owned 13,926 shares in the company, valued at approximately C$856,588.26. This represents a 6.50% increase in their ownership of the stock.

Daniel James Thomas Rollins also recently made the following trade(s):

• On Monday, May 25th, Daniel James Thomas Rollins bought 825 shares of Torex Gold Resources stock. The stock was acquired at an average price of C$60.63 per share, for a total transaction of C$50,019.75.

Torex Gold Resources Stock Performance

Torex Gold Resources stock opened at C$56.01 on Friday. The firm’s 50 day simple moving average is C$62.56 and its 200-day simple moving average is C$65.74. The company has a market cap of C$5.23 billion, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 0.02 and a beta of 1.82. 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 Inc. has a fifty-two week low of C$38.80 and a fifty-two week high of C$85.00.

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

Torex Gold Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.1%. This is an increase from Torex Gold Resources’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, May 21st. Torex Gold Resources’s payout ratio is 3.48%.

Analyst Ratings Changes

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