Insider Buying: Torex Gold Resources Inc. (TSE:TXG) Director Buys 500 Shares of Stock

Torex Gold Resources Inc. (TSE:TXG - Get Free Report) Director Caroline Donally acquired 500 shares of the business's stock in a transaction dated Friday, November 15th. The stock was purchased at an average price of C$28.03 per share, for a total transaction of C$14,013.00. Following the completion of the acquisition, the director now owns 500 shares in the company, valued at approximately C$14,013. This trade represents a ∞ increase in their ownership of the stock.

Torex Gold Resources Trading Down 0.9 %

Torex Gold Resources stock traded down C$0.26 during midday trading on Friday, hitting C$27.60. 185,600 shares of the stock were exchanged, compared to its average volume of 261,045. Torex Gold Resources Inc. has a 52 week low of C$12.66 and a 52 week high of C$32.10. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. The stock has a market capitalization of C$2.37 billion, a PE ratio of 16.63, a P/E/G ratio of 0.02 and a beta of 1.34. The company has a fifty day simple moving average of C$27.68 and a two-hundred day simple moving average of C$23.91.

Torex Gold Resources (TSE:TXG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share for the quarter, beating analysts' consensus estimates of C$0.82 by C$0.20. The firm had revenue of C$427.96 million for the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. Equities research analysts anticipate that Torex Gold Resources Inc. will post 3.6254502 EPS for the current fiscal year.

Analyst Ratings Changes

TXG has been the topic of a number of research reports. Canaccord Genuity Group increased their price target on Torex Gold Resources from C$30.50 to C$32.00 in a research report on Tuesday, July 23rd. Scotiabank upped their price target on shares of Torex Gold Resources from C$27.00 to C$29.00 in a report on Friday, September 6th. National Bankshares raised Torex Gold Resources from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from C$31.25 to C$37.75 in a research report on Thursday, October 10th. BMO Capital Markets upped their price target on shares of Torex Gold Resources from C$29.00 to C$30.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Finally, TD Securities increased their price objective on Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Torex Gold Resources has a consensus rating of "Buy" and a consensus price target of C$31.86.

About Torex Gold Resources

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.