Torex Gold Resources (TSE:TXG) Insider Daniel James Thomas Rollins Acquires 850 Shares

Torex Gold Resources Inc. (TSE:TXG) insider Daniel James Thomas Rollins acquired 850 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was bought at an average cost of C$61.51 per share, for a total transaction of C$52,283.50. Following the completion of the purchase, the insider owned 13,926 shares of the company’s stock, valued at C$856,588.26. This trade represents a 6.50% increase in their ownership of the stock.

Daniel James Thomas Rollins also recently made the following trade(s):

• On Monday, May 25th, Daniel James Thomas Rollins acquired 825 shares of Torex Gold Resources stock. The stock was bought at an average cost of C$60.63 per share, for a total transaction of C$50,019.75.

Torex Gold Resources Price Performance

Torex Gold Resources stock opened at C$60.27 on Thursday. The stock’s 50 day moving average is C$62.53 and its 200 day moving average is C$65.82. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.37 and a quick ratio of 2.12. The firm has a market cap of C$5.63 billion, a P/E ratio of 9.66, a P/E/G ratio of 0.02 and a beta of 1.85. Torex Gold Resources Inc. has a one year low of C$38.80 and a one year high of C$85.00.

Torex Gold Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, June 4th will be issued a $0.16 dividend. The ex-dividend date 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 annualized dividend and a yield of 1.1%. Torex Gold Resources’s dividend payout ratio (DPR) is presently 3.48%.

Analysts Set New Price Targets

Several research firms recently issued reports on TXG. Canadian Imperial Bank of Commerce boosted their target price on shares of Torex Gold Resources from C$90.00 to C$100.00 in a report on Wednesday, February 4th. National Bank Financial boosted their target price on shares of Torex Gold Resources from C$98.00 to C$101.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average 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.