Torex Gold Resources Inc. (TSE:TXG) Senior Officer Sells C$162,898.31 in Stock

Torex Gold Resources Inc. (TSE:TXG) Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of Torex Gold Resources stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of C$28.97, for a total value of C$162,898.31.

Torex Gold Resources Stock Performance

TXG stock opened at C$30.32 on Monday. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.09 and a quick ratio of 2.12. Torex Gold Resources Inc. has a 1 year low of C$12.79 and a 1 year high of C$32.75. The company has a market cap of C$2.61 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The stock’s fifty day moving average price is C$28.78 and its 200-day moving average price is C$26.69.

Torex Gold Resources (TSE:TXG) last announced its earnings results 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. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The business had revenue of C$427.96 million for the quarter. On average, equities analysts forecast that Torex Gold Resources Inc. will post 3.6254502 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on TXG. Royal Bank of Canada lifted their price target on Torex Gold Resources from C$34.00 to C$37.00 in a research report on Friday, December 6th. CIBC upped their target price on shares of Torex Gold Resources from C$33.00 to C$34.50 in a research note on Monday, December 2nd. Raymond James raised their price target on shares of Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. National Bankshares raised Torex Gold Resources from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$31.25 to C$37.75 in a research report on Thursday, October 10th. Finally, TD Securities lifted their target price on Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target 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.