Torex Gold Resources (TSE:TXG) Insider Daniel James Thomas Rollins Acquires 825 Shares

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

Torex Gold Resources Price Performance

Shares of TSE:TXG traded up C$2.31 on Monday, reaching C$60.86. The company’s stock had a trading volume of 44,610 shares, compared to its average volume of 679,284. Torex Gold Resources Inc. has a 52-week low of C$38.80 and a 52-week high of C$85.00. The company has a market cap of C$5.68 billion, a P/E ratio of 9.75, a PEG ratio of 0.02 and a beta of 1.85. The company has a 50-day simple moving average of C$62.69 and a 200 day simple moving average of C$65.83. 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 Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Scotiabank upped their price target on shares of Torex Gold Resources from C$72.00 to C$95.00 in a research report on Monday, January 26th. National Bank Financial upped their price target 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. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Torex Gold Resources from C$90.00 to C$100.00 in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target 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.