Insider Selling at Torex Gold Resources Inc.

Torex Gold Resources Inc. (TSE:TXG - Get Free Report) experienced an interesting development when Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of stock on January 21st. This transaction was conducted at an average price of C$28.97 per share, resulting in a total transaction value of C$162,898.31. Investors often pay attention to insider trading activities as they may provide insights into the company's future outlook.

Stock Performance Overview

Recent Stock Movements

On the following Friday, TXG stock showed a positive trend, increasing by C$1.33 to reach C$30.32 during mid-day trading. A total of 362,418 shares were exchanged, which is above its average trading volume of 244,370 shares. Currently, the market capitalization of Torex Gold Resources sits at approximately C$2.61 billion. The company's price-to-earnings (PE) ratio is 18.27 along with a low price-to-earnings-growth ratio of 0.02, indicating potential growth opportunities. Additionally, the stock has a beta of 1.34, suggesting greater volatility compared to the market. The current ratio and quick ratio stand at 1.09 and 2.12 respectively, while the debt-to-equity ratio is quite high at 7.32. Over the last year, the stock has reached a low of C$12.79 and a high of C$32.75. Its fifty-day simple moving average is C$28.73, and its 200-day simple moving average is C$26.57.

Quarterly Performance

Earnings Report Highlights

The last quarterly earnings data for Torex Gold Resources was released on November 6th, where the company announced earnings of C$1.02 per share. This performance surpassed analysts' expectations, which estimated earnings of C$0.82, signifying a positive surprise of C$0.20. The revenue reported for the quarter was C$427.96 million, contributing to a net margin of 11.16% and a return on equity of 7.12%. Research analysts are projecting that Torex Gold Resources Inc. will achieve around 3.63 earnings per share for the fiscal year.

Analyst Recommendations

Wall Street Analysts' Perspectives

Market analysts have been weighing in on the shares of TXG. Recently, CIBC raised its target price for Torex Gold Resources from C$33.00 to C$34.50 on December 2nd. Similarly, Royal Bank of Canada increased their target from C$34.00 to C$37.00. Raymond James also revised their target to C$34.00 on January 7th, after raising it from C$33.00 previously. Scotiabank boosted their price target from C$33.00 to C$37.00 in a report published on November 21st. National Bank Financial upgraded Torex Gold Resources from a "hold" to a "strong-buy" rating on October 9th. The overall view from analysts is favorable, with four giving a buy rating and one issuing a strong buy recommendation, resulting in a consensus rating of "Buy" and an average target price of C$34.81 according to MarketBeat.com.

About the Company

Overview of Torex Gold Resources

Torex Gold Resources Inc. operates as an intermediate gold producer located in Mexico. The firm holds a 100% interest in the Morelos Gold property, which encompasses the Morelos Complex, the El Limón Guajes Mine Complex, the Media Luna Project, a processing plant, alongside essential infrastructure spanning about 29,000 hectares situated southwest of Mexico City.

Insider, Selling, Stock