Torex Gold Resources Inc. (TSE:TXG – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$61.96 and traded as high as C$64.32. Torex Gold Resources shares last traded at C$62.18, with a volume of 704,011 shares.
Analysts Set New Price Targets
TXG has been the subject of several analyst reports. Scotiabank dropped their target price on Torex Gold Resources from C$105.00 to C$95.00 in a report on Friday, August 7th. National Bank Financial decreased their price target on Torex Gold Resources from C$89.00 to C$85.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. ATB Cormark Capital Markets downgraded Torex Gold Resources from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on Torex Gold Resources from C$100.00 to C$90.00 in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$85.00.
Check Out Our Latest Stock Analysis on TXG
Torex Gold Resources Price Performance
Torex Gold Resources (TSE:TXG – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$1.28 earnings per share for the quarter. The company had revenue of C$578.12 million during the quarter. Torex Gold Resources had a net margin of 33.02% and a return on equity of 25.62%. On average, research analysts expect that Torex Gold Resources Inc. will post 3.6254502 EPS for the current fiscal year.
Torex Gold Resources Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, September 4th will be issued a $0.16 dividend. The ex-dividend date is Friday, August 21st. This represents a $0.64 annualized dividend and a yield of 0.9%. Torex Gold Resources’s dividend payout ratio (DPR) is 5.12%.
Insider Buying and Selling at Torex Gold Resources
In other Torex Gold Resources news, insider Daniel James Thomas Rollins acquired 850 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average cost of C$61.51 per share, for a total transaction of C$52,283.50. Following the transaction, the insider owned 13,926 shares in the company, valued at C$856,588.26. This represents a 6.50% increase in their ownership of the stock. In the last 90 days, insiders purchased 2,250 shares of company stock valued at $137,030. 0.35% of the stock is currently owned by company insiders.
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.
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