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

StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX) in a research report report published on Friday morning. The brokerage issued a hold rating on the stock.

A number of other research analysts have also recently issued reports on TRX. Alliance Global Partners increased their target price on shares of TRX Gold from $1.50 to $1.75 and gave the company a buy rating in a report on Tuesday, April 16th. HC Wainwright boosted their target price on TRX Gold from $1.30 to $1.40 and gave the stock a buy rating in a research report on Tuesday, April 16th.

TRX Gold Price Performance

Shares of TRX stock opened at $0.39 on Friday. The business’s fifty day moving average price is $0.44 and its 200 day moving average price is $0.40. The firm has a market capitalization of $109.84 million, a PE ratio of 39.42 and a beta of 0.52. TRX Gold has a 1-year low of $0.31 and a 1-year high of $0.49.

TRX Gold (NYSE:TRX) last posted its quarterly earnings results on Friday, April 12th. The company reported $0.01 earnings per share for the quarter. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.66%. The business had revenue of $7.98 million for the quarter, compared to analysts’ expectations of $9.40 million. Equities research analysts expect that TRX Gold will post 0.03 earnings per share for the current fiscal year.

Institutional Trading of TRX Gold

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

TRX Gold Company Profile

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.