Insider Buying: Torex Gold Resources Inc. (TSE:TXG) Director Purchases 1,000 Shares of Stock

Torex Gold Resources Inc. (TSE:TXG) Director Caroline Donally purchased 1,000 shares of the stock in a transaction dated Monday, January 20th. The shares were purchased at an average price of C$27.91 per share, with a total value of C$27,908.00.

Caroline Donally also recently made the following trade(s):

• On Tuesday, November 26th, Caroline Donally purchased 500 shares of Torex Gold Resources stock. The shares were purchased at an average price of C$28.01 per share, with a total value of C$14,006.00.
• On Friday, November 15th, Caroline Donally purchased 500 shares of Torex Gold Resources stock. The shares were purchased at an average price of C$28.03 per share, with a total value of C$14,013.00.

Torex Gold Resources Price Performance

TSE TXG opened at C$30.32 on Monday. The stock’s 50-day moving average price is C$28.78 and its two-hundred day moving average price is C$26.69. The company has a current ratio of 1.09, a quick ratio of 2.12 and a debt-to-equity ratio of 7.32. The company has a market cap of C$2.61 billion, a PE ratio of 18.27, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources Inc. has a 1 year low of C$12.79 and a 1 year high of C$32.75.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 7.12% and a net margin of 11.16%. On average, analysts predict that Torex Gold Resources Inc. will post 3.6254502 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on TXG. CIBC upped their price objective on shares of Torex Gold Resources from C$33.00 to C$34.50 in a report on Monday, December 2nd. National Bank Financial raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. TD Securities upped their price objective on shares of Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Royal Bank of Canada upped their price objective on shares of Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. Finally, National Bankshares raised shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$31.25 to C$37.75 in a report on Thursday, October 10th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Torex Gold Resources has a consensus rating of “Buy” and a consensus target price of C$34.81.

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.