Research analysts at StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX – Get Free Report) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.
Other analysts have also issued reports about the company. HC Wainwright reissued a “buy” rating and set a $1.40 price objective on shares of TRX Gold in a report on Tuesday, July 16th. Alliance Global Partners lifted their target price on TRX Gold from $1.50 to $1.75 and gave the company a “buy” rating in a research report on Tuesday, April 16th.
Get Our Latest Analysis on TRX
TRX Gold Price Performance
TRX Gold (NYSE:TRX – Get Free Report) last issued its quarterly earnings data on Friday, July 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $10.15 million for the quarter, compared to analyst estimates of $12.50 million. TRX Gold had a negative net margin of 3.06% and a negative return on equity of 3.84%. On average, equities analysts expect that TRX Gold will post 0.01 earnings per share for the current year.
Institutional Investors Weigh In On TRX Gold
An institutional investor recently raised its position in TRX Gold stock. PFG Investments LLC increased its holdings in TRX Gold Co. (NYSE:TRX – Free Report) by 1,103.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,588 shares of the company’s stock after acquiring an additional 209,588 shares during the period. PFG Investments LLC owned about 0.08% of TRX Gold worth $89,000 at the end of the most recent quarter. 1.06% of the stock is owned by hedge funds and other institutional investors.
About TRX Gold
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.
Recommended Stories
- Five stocks we like better than TRX Gold
- 3 Stocks to Consider Buying in October
- Owens-Corning Stock: Good Value or Recession Red Flag?
- Consumer Staples Stocks, Explained
- Datadog Exceeds Q2 Expectations, Solidifies Market Leadership
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Cybersecurity Stock Surges, Promising Double-Digit Gains
Receive News & Ratings for TRX Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRX Gold and related companies with MarketBeat.com's FREE daily email newsletter.