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

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

Torex Gold Resources Price Performance

Torex Gold Resources stock opened at C$61.48 on Wednesday. Torex Gold Resources Inc. has a 52-week low of C$38.80 and a 52-week high of C$85.00. The firm has a market capitalization of C$5.74 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 0.02 and a beta of 1.85. The company has a fifty day simple moving average of C$62.38 and a 200-day simple moving average of C$65.90. The company has a quick ratio of 2.12, a current ratio of 1.37 and a debt-to-equity ratio of 4.01.

Torex Gold Resources Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, May 21st. This is a positive change from Torex Gold Resources’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. Torex Gold Resources’s payout ratio is currently 3.48%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce upped their price target 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 price target on Torex Gold Resources from C$98.00 to C$101.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Torex Gold Resources has a consensus 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.