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

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

Separately, HC Wainwright reissued a buy rating and issued a $1.40 price objective on shares of TRX Gold in a research report on Tuesday, July 16th.

TRX Gold Price Performance

NYSE:TRX opened at $0.38 on Friday. The company’s 50 day moving average is $0.40 and its 200-day moving average is $0.42. TRX Gold has a 12 month low of $0.31 and a 12 month high of $0.49.

TRX Gold (NYSE:TRX) last released its earnings results on Friday, July 12th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $10.15 million for the quarter, compared to analyst estimates of $12.50 million. TRX Gold had a negative return on equity of 3.84% and a negative net margin of 3.06%. Sell-side analysts forecast that TRX Gold will post 0.01 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TRX Gold stock. Integrity Wealth Solutions LLC acquired a new stake in TRX Gold Co. (NYSE:TRX) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned approximately 0.10% of TRX Gold as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.06% of the company’s stock.

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.