Insider Selling: Torex Gold Resources Inc (TSE:TXG) Director Sells C$274,750.00 in Stock

Torex Gold Resources Inc (TSE:TXG) Director Harold Bernard Loyer sold 12,500 shares of the company’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of C$21.98, for a total transaction of C$274,750.00. Following the completion of the sale, the director now directly owns 16,409 shares in the company, valued at approximately C$360,669.82.

Torex Gold Resources stock opened at C$23.62 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 0.81 and a debt-to-equity ratio of 19.87. Torex Gold Resources Inc has a 1 year low of C$8.79 and a 1 year high of C$23.92. The company has a market cap of $2.00 billion and a PE ratio of 83.76. The company’s 50-day moving average is C$20.28 and its two-hundred day moving average is C$18.21.

Torex Gold Resources (TSE:TXG) last released its earnings results on Wednesday, May 6th. The company reported C$0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.16. The business had revenue of C$230.90 million for the quarter. Research analysts forecast that Torex Gold Resources Inc will post 1.2 EPS for the current year.

A number of brokerages have commented on TXG. Canaccord Genuity increased their price objective on shares of Torex Gold Resources from C$30.50 to C$31.50 in a report on Tuesday, July 21st. CIBC decreased their price objective on shares of Torex Gold Resources from C$25.00 to C$23.50 in a report on Wednesday, April 29th. TD Securities reissued a “buy” rating and set a C$30.00 price objective on shares of Torex Gold Resources in a report on Wednesday, June 24th. BMO Capital Markets reissued an “outperform” rating and set a C$29.00 price objective on shares of Torex Gold Resources in a report on Friday, April 24th. Finally, Scotiabank lowered shares of Torex Gold Resources from an “outperform” rating to a “sector perform” rating in a report on Friday, April 3rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$25.66.

Torex Gold Resources Company Profile

Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna deposit that consists of 7 mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.

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