Thor Explorations’ (THX) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Thor Explorations (LON:THX) in a research report sent to investors on Wednesday,Digital Look reports. They currently have a GBX 150 target price on the stock.

Separately, Shore Capital Group reissued a “buy” rating on shares of Thor Explorations in a research note on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 150.

Thor Explorations Stock Down 2.6%

Shares of LON THX opened at GBX 73.50 on Wednesday. The stock’s fifty day simple moving average is GBX 75.65 and its 200 day simple moving average is GBX 74.36. Thor Explorations has a 52-week low of GBX 30.38 and a 52-week high of GBX 101. The stock has a market capitalization of £489.93 million, a price-to-earnings ratio of 2.45 and a beta of 1.67.

Thor Explorations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were paid a $0.01 dividend. The ex-dividend date was Friday, April 24th. This represents a $0.05 annualized dividend and a yield of 0.1%. Thor Explorations’s dividend payout ratio is currently 9.00%.

Insider Transactions at Thor Explorations

In other news, insider Adrian J. G. Coates sold 39,700 shares of the company’s stock in a transaction that occurred on Monday, February 16th. The stock was sold at an average price of GBX 83, for a total value of £32,951. 12.62% of the stock is owned by corporate insiders.

About Thor Explorations

Thor Explorations Ltd is a proven low-cost gold producer with a growing diversified Portfolio of mineral assets in West Africa, listed on both the AIM Market of the London Stock Exchange (AIM: THX) and the TSX Venture Exchange (TSX-V: THX).