Torex Gold Resources Inc (TSE:TXG) Director Michael Darren Murphy Buys 3,900 Shares

Torex Gold Resources Inc (TSE:TXG) Director Michael Darren Murphy acquired 3,900 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was bought at an average price of C$12.80 per share, for a total transaction of C$49,920.00. Following the completion of the acquisition, the director now owns 3,900 shares in the company, valued at approximately C$49,920.

Shares of TXG stock traded down C$0.38 during mid-day trading on Friday, hitting C$13.27. The stock had a trading volume of 384,100 shares, compared to its average volume of 309,681. Torex Gold Resources Inc has a fifty-two week low of C$7.52 and a fifty-two week high of C$18.21. The stock has a market capitalization of $1.13 billion and a PE ratio of 101.30. The company has a debt-to-equity ratio of 42.00, a quick ratio of 0.66 and a current ratio of 1.10.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.03) by C($0.06). The company had revenue of C$135.48 million for the quarter. Equities analysts forecast that Torex Gold Resources Inc will post 0.62 earnings per share for the current fiscal year.

Separately, Eight Capital reduced their target price on shares of Torex Gold Resources from C$19.75 to C$18.50 in a report on Thursday, May 9th.

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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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