Torex Gold Resources (TSE:TXG) Stock Passes Below Fifty Day Moving Average of $13.45

Share on StockTwits

Torex Gold Resources Inc (TSE:TXG)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $13.45 and traded as low as $15.23. Torex Gold Resources shares last traded at $15.58, with a volume of 203,855 shares traded.

Several research analysts have recently weighed in on TXG shares. Eight Capital upgraded shares of Wesdome Gold Mines from a “neutral” rating to a “buy” rating in a research note on Thursday, May 9th. Royal Bank of Canada reiterated an “underperform” rating and set a GBX 215 ($2.81) price target on shares of in a research note on Wednesday, June 26th.

The firm has a 50 day simple moving average of C$13.52. The firm has a market cap of $1.22 billion and a price-to-earnings ratio of 119.47. The company has a debt-to-equity ratio of 42.00, a quick ratio of 0.66 and a current ratio of 1.10.

Torex Gold Resources (TSE:TXG) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.03) by C($0.06). The firm had revenue of C$135.48 million for the quarter. On average, equities analysts anticipate that Torex Gold Resources Inc will post 0.64 earnings per share for the current year.

In other Torex Gold Resources news, Director Michael Darren Murphy purchased 3,900 shares of the stock in a transaction dated Tuesday, June 11th. The stock was purchased at an average price of C$12.80 per share, with a total value of C$49,920.00. Following the transaction, the director now owns 3,900 shares of the company’s stock, valued at C$49,920.

About Torex Gold Resources (TSE:TXG)

Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna deposit that consists of 7 mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.

Featured Article: Compound Interest

Receive News & Ratings for Torex Gold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torex Gold Resources and related companies with's FREE daily email newsletter.

Leave a Reply