TRX Gold (NYSE:TRX) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX) in a research note released on Thursday. The brokerage issued a hold rating on the stock.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $1.50 price objective (up from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.

TRX Gold Price Performance

TRX Gold stock opened at $0.32 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51. The firm has a 50-day moving average of $0.33 and a two-hundred day moving average of $0.37. TRX Gold has a 1 year low of $0.29 and a 1 year high of $0.49.

Institutional Investors Weigh In On TRX Gold

A number of large investors have recently modified their holdings of TRX. Ground Swell Capital LLC increased its holdings in shares of TRX Gold by 201.9% in the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after purchasing an additional 48,705 shares during the period. Virtu Financial LLC acquired a new stake in shares of TRX Gold during the 3rd quarter valued at about $52,000. Finally, HighTower Advisors LLC grew its stake in TRX Gold by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock valued at $130,000 after acquiring an additional 29,416 shares during the period. Hedge funds and other institutional investors 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.