TRX Gold (NYSE:TRX) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRXFree Report) in a research report sent to investors on Thursday. The firm issued a hold rating on the stock.

Several other analysts also recently weighed in on the company. HC Wainwright boosted their price target on TRX Gold from $1.30 to $1.40 and gave the company a buy rating in a research note on Tuesday, April 16th. Alliance Global Partners boosted their price target on TRX Gold from $1.50 to $1.75 and gave the company a buy rating in a research note on Tuesday, April 16th.

Check Out Our Latest Report on TRX

TRX Gold Price Performance

Shares of TRX stock opened at $0.40 on Thursday. TRX Gold has a 1-year low of $0.31 and a 1-year high of $0.49. The stock’s fifty day moving average price is $0.45 and its 200 day moving average price is $0.40. The company has a market cap of $111.54 million, a price-to-earnings ratio of 40.03 and a beta of 0.52.

TRX Gold (NYSE:TRXGet Free Report) last announced its earnings results on Friday, April 12th. The company reported $0.01 earnings per share for the quarter. TRX Gold had a negative return on equity of 1.66% and a net margin of 0.70%. The firm had revenue of $7.98 million for the quarter, compared to the consensus estimate of $9.40 million. As a group, equities research analysts anticipate that TRX Gold will post 0.03 earnings per share for the current year.

Hedge Funds Weigh In On TRX Gold

A hedge fund recently raised its stake in TRX Gold stock. PFG Investments LLC grew its stake in TRX Gold Co. (NYSE:TRXFree Report) by 1,103.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 228,588 shares of the company’s stock after buying an additional 209,588 shares during the quarter. PFG Investments LLC owned 0.08% of TRX Gold worth $89,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.06% of the company’s stock.

About TRX Gold

(Get Free Report)

TRX Gold Corporation engages in the exploration, development, and production of mineral property interests in the United Republic of Tanzania. The company primarily explores for gold deposits. It holds interests in the Buckreef gold project that comprises a single Special Mining License covering an area of 16.04 square kilometers and 12 Prospecting Licenses covering 98.19 square kilometers located in north-central Tanzania.

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