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

Torex Gold Resources Inc. (TSE:TXG) Director Caroline Donally purchased 500 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were acquired at an average cost of C$28.01 per share, for a total transaction of C$14,006.00.

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

• On Friday, November 15th, Caroline Donally bought 500 shares of Torex Gold Resources stock. The stock was purchased at an average price of C$28.03 per share, for a total transaction of C$14,013.00.

Torex Gold Resources Stock Performance

TSE:TXG opened at C$28.63 on Wednesday. The stock has a market cap of C$2.46 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The firm’s fifty day simple moving average is C$28.29 and its 200 day simple moving average is C$24.31. Torex Gold Resources Inc. has a twelve month low of C$12.79 and a twelve month 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.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.82 by C$0.20. The business had revenue of C$427.96 million during the quarter. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. As a group, research analysts predict that Torex Gold Resources Inc. will post 3.6254502 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Torex Gold Resources from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. BMO Capital Markets raised their target price on shares of Torex Gold Resources from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. National Bank Financial upgraded shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. TD Securities raised their target price on shares of Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Finally, Scotiabank lifted their price target on shares of Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. 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, the stock currently has a consensus rating of “Buy” and an average price target of C$32.75.

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.