Torex Gold Resources Inc (TXG) Director Sells C$95,544.00 in Stock

Torex Gold Resources Inc (TSE:TXG) Director Terry Macgibbon sold 7,200 shares of Torex Gold Resources stock in a transaction on Monday, October 15th. The shares were sold at an average price of C$13.27, for a total transaction of C$95,544.00.

Terry Macgibbon also recently made the following trade(s):

  • On Wednesday, October 17th, Terry Macgibbon sold 5,000 shares of Torex Gold Resources stock. The shares were sold at an average price of C$13.18, for a total transaction of C$65,900.00.

Shares of TSE:TXG traded up C$0.12 on Friday, hitting C$12.99. 186,636 shares of the company were exchanged, compared to its average volume of 400,174. Torex Gold Resources Inc has a one year low of C$7.29 and a one year high of C$18.40.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings data on Thursday, August 9th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.19 by C($0.02). Torex Gold Resources had a negative return on equity of 14.51% and a negative net margin of 61.27%. The company had revenue of C$131.39 million for the quarter.

Several research analysts recently commented on TXG shares. Eight Capital lifted their target price on shares of Torex Gold Resources from C$15.50 to C$16.00 in a report on Thursday, October 4th. TD Securities downgraded shares of Torex Gold Resources from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$17.00 to C$13.00 in a report on Tuesday, July 24th. Finally, Canaccord Genuity dropped their target price on shares of Torex Gold Resources from C$18.00 to C$15.00 in a report on Tuesday, July 24th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Torex Gold Resources has a consensus rating of “Buy” and an average target price of C$15.93.

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.

Further Reading: Insider Trading

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