Michael Darren Murphy Sells 42,977 Shares of Torex Gold Resources Inc (TSE:TXG) Stock

Torex Gold Resources Inc (TSE:TXG) Director Michael Darren Murphy sold 42,977 shares of the business’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of C$13.96, for a total value of C$599,838.58.

TXG traded down C$0.06 during trading on Tuesday, hitting C$12.81. The stock had a trading volume of 438,749 shares, compared to its average volume of 317,722. The company has a market capitalization of $1.13 billion and a PE ratio of 47.44. Torex Gold Resources Inc has a one year low of C$7.52 and a one year high of C$18.21. The company has a debt-to-equity ratio of 43.91, a current ratio of 1.21 and a quick ratio of 0.87.

Torex Gold Resources (TSE:TXG) last released its earnings results on Thursday, February 21st. The company reported C$0.21 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.06. The company had revenue of C$172.76 million for the quarter. Equities analysts anticipate that Torex Gold Resources Inc will post 0.64 earnings per share for the current fiscal year.

TXG has been the topic of a number of recent analyst reports. Eight Capital boosted their target price on Torex Gold Resources from C$18.00 to C$19.75 in a report on Friday, February 22nd. Royal Bank of Canada boosted their target price on Torex Gold Resources from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Friday, January 11th. Cormark boosted their target price on Torex Gold Resources from C$17.50 to C$19.50 in a report on Friday, January 11th. Finally, Desjardins reissued a “buy” rating and set a C$20.00 target price on shares of Torex Gold Resources in a report on Monday, January 7th.

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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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Insider Buying and Selling by Quarter for Torex Gold Resources (TSE:TXG)

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