Insider Selling: Torex Gold Resources Inc (TXG) Director Sells 9,524 Shares of Stock

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

Shares of Torex Gold Resources traded up C$0.03, reaching C$12.89, during midday trading on Thursday, Marketbeat reports. 414,119 shares of the company’s stock traded hands, compared to its average volume of 470,301. Torex Gold Resources Inc has a one year low of C$7.29 and a one year high of C$26.23.

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

Several equities research analysts have commented on TXG shares. Royal Bank of Canada dropped their target price on Torex Gold Resources from C$22.00 to C$19.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. BMO Capital Markets dropped their target price on Torex Gold Resources from C$23.00 to C$19.50 in a report on Wednesday, March 28th. TD Securities dropped their target price on Torex Gold Resources from C$19.00 to C$14.50 in a report on Wednesday, March 28th. Eight Capital dropped their target price on Torex Gold Resources from C$20.25 to C$15.00 in a report on Friday, February 23rd. Finally, 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Torex Gold Resources has an average rating of “Buy” and an average price target 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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