Torex Gold Resources Inc (TXG) Director Sells C$124,097.72 in Stock

Torex Gold Resources Inc (TSE:TXG) Director Terry Macgibbon sold 9,524 shares of the business’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of C$13.03, for a total value of C$124,097.72.

Torex Gold Resources opened at C$12.31 on Friday, MarketBeat.com reports. Torex Gold Resources Inc has a fifty-two week low of C$7.29 and a fifty-two week high of C$26.23.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings data on Wednesday, May 9th. The company reported C$0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.03 by C$0.07. The firm had revenue of C$106.19 million during the quarter. Torex Gold Resources had a negative return on equity of 14.51% and a negative net margin of 61.27%.



Several analysts have recently weighed in on TXG shares. BMO Capital Markets reduced their target price on Torex Gold Resources from C$23.00 to C$19.50 in a report on Wednesday, March 28th. Royal Bank of Canada reduced their target price on Torex Gold Resources from C$19.00 to C$18.00 and set an “outperform” rating for the company in a report on Thursday, May 10th. Canaccord Genuity boosted their target price on Torex Gold Resources from C$18.50 to C$21.00 in a report on Monday, April 23rd. TD Securities reduced their target price on Torex Gold Resources from C$19.00 to C$14.50 in a report on Wednesday, March 28th. Finally, Eight Capital reduced their target price on Torex Gold Resources from C$20.25 to C$15.00 in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$16.86.

Torex Gold Resources Company Profile

Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties. The company explores for gold, silver, and copper deposits. It principally holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna project covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.

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