Thor Explorations’ (THX) Buy Rating Reaffirmed at Shore Capital Group

Shore Capital Group reissued their buy rating on shares of Thor Explorations (LON:THX) in a research report sent to investors on Monday,Digital Look reports.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 140 target price on shares of Thor Explorations in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 140.

Thor Explorations Stock Up 0.1%

Shares of LON THX opened at GBX 80.80 on Monday. The business has a fifty day simple moving average of GBX 80.03 and a two-hundred day simple moving average of GBX 73.40. The firm has a market cap of £538.59 million, a PE ratio of 3.28 and a beta of 1.84. Thor Explorations has a twelve month low of GBX 28 and a twelve month high of GBX 101.

Thor Explorations Announces Dividend

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

Insider Activity at Thor Explorations

In other news, insider Adrian J. G. Coates sold 39,700 shares of the business’s stock in a transaction on 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).