Key Points
- Insider buying: Torex Gold Resources insider Daniel James Thomas Rollins bought 850 shares on June 2 at C$61.51 each, totaling C$52,283.50. His stake rose to 13,926 shares, a 6.5% increase.
- Recent follow-up purchase: Rollins also bought 825 shares on May 25 at C$60.63 per share, signaling continued insider confidence in the stock.
- Dividend and analyst backdrop: Torex recently raised its quarterly dividend to C$0.16 per share from C$0.15, while analysts maintain a consensus Buy rating with a C$85.75 target price.
Torex Gold Resources Inc. (TSE:TXG - Get Free Report) insider Daniel James Thomas Rollins purchased 850 shares of the company's stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average cost of C$61.51 per share, for a total transaction of C$52,283.50. Following the completion of the purchase, the insider owned 13,926 shares of the company's stock, valued at approximately C$856,588.26. This trade represents a 6.50% increase in their position.
Daniel James Thomas Rollins also recently made the following trade(s):
- On Monday, May 25th, Daniel James Thomas Rollins purchased 825 shares of Torex Gold Resources stock. The stock was acquired at an average cost of C$60.63 per share, for a total transaction of C$50,019.75.
Torex Gold Resources Price Performance
Shares of TXG opened at C$60.27 on Thursday. 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 debt-to-equity ratio of 4.01, a quick ratio of 2.12 and a current ratio of 1.37. The business's 50 day moving average price is C$62.53 and its two-hundred day moving average price is C$65.82. The firm has a market cap of C$5.63 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 0.02 and a beta of 1.85.
Torex Gold Resources Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.16 per share. This is a positive change from Torex Gold Resources's previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, May 21st. Torex Gold Resources's dividend payout ratio is presently 3.48%.
Analysts Set New Price Targets
TXG has been the topic of a number of research reports. Canadian Imperial Bank of Commerce upped their target price on Torex Gold Resources from C$90.00 to C$100.00 in a research report on Wednesday, February 4th. National Bank Financial upped their target price on 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$85.75.
View Our Latest Stock Report on Torex Gold Resources
About Torex Gold Resources
(
Get Free Report)
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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