Torex Gold Resources Inc (TXG) Director Sells C$65,900.00 in Stock

Torex Gold Resources Inc (TSE:TXG) Director Terry Macgibbon sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 17th. The shares were sold at an average price of C$13.18, for a total transaction of C$65,900.00.

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

  • On Monday, October 15th, Terry Macgibbon sold 7,200 shares of Torex Gold Resources stock. The shares were sold at an average price of C$13.27, for a total transaction of C$95,544.00.

TXG stock traded up C$0.12 during midday trading on Friday, reaching C$12.99. 186,636 shares of the company’s stock traded hands, compared to its average volume of 400,174. Torex Gold Resources Inc has a 52 week low of C$7.29 and a 52 week high of C$18.40.

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

A number of brokerages have commented on TXG. Eight Capital decreased their price target on shares of Torex Gold Resources from C$15.85 to C$15.50 in a research note on Thursday, September 6th. Canaccord Genuity decreased their price target on shares of Torex Gold Resources from C$18.00 to C$15.00 in a research note on Tuesday, July 24th. Finally, TD Securities lowered shares of Torex Gold Resources from a “buy” rating to a “hold” rating and decreased their price target for the company from C$17.00 to C$13.00 in a research note on Tuesday, July 24th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$15.93.

About Torex Gold Resources

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: Buyback

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