Thor Explorations’ (THX) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Thor Explorations (LON:THX) in a report published on Thursday,London Stock Exchange reports. Canaccord Genuity Group currently has a GBX 140 target price on the stock.

Thor Explorations Trading Up 1.1%

Shares of LON:THX opened at GBX 80.40 on Thursday. The stock’s 50-day moving average price is GBX 80.14 and its two-hundred day moving average price is GBX 73.06. Thor Explorations has a 12-month low of GBX 27 and a 12-month high of GBX 101. The firm has a market cap of £535.92 million, a price-to-earnings ratio of 3.27 and a beta of 1.84.

Thor Explorations Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be paid a $0.01 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, April 24th. Thor Explorations’s dividend payout ratio (DPR) is presently 7.35%.

Insider Transactions at Thor Explorations

In other Thor Explorations news, insider Adrian J. G. Coates sold 39,700 shares of the firm’s stock in a transaction dated Monday, February 16th. The stock was sold at an average price of GBX 83, for a total value of £32,951. Insiders own 12.62% of the company’s stock.

Thor Explorations Company Profile

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).