StockNews.com Initiates Coverage on TRX Gold (NYSE:TRX)

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

Separately, HC Wainwright restated a “buy” rating and set a $1.50 target price (up previously from $1.40) on shares of TRX Gold in a report on Tuesday, December 3rd.

TRX Gold Trading Down 2.0 %

Shares of NYSE TRX opened at $0.32 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average price of $0.32 and a 200 day moving average price of $0.36. TRX Gold has a 52-week low of $0.29 and a 52-week high of $0.49.

Institutional Trading of TRX Gold

Hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in TRX Gold during the third quarter worth $52,000. Ground Swell Capital LLC lifted its holdings in shares of TRX Gold by 201.9% during the 3rd 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 last quarter. Rossby Financial LCC purchased a new stake in shares of TRX Gold during the 4th quarter valued at $255,000. Sprott Inc. lifted its holdings in shares of TRX Gold by 506.7% during the 4th quarter. Sprott Inc. now owns 145,454 shares of the company’s stock valued at $45,000 after purchasing an additional 121,479 shares during the last quarter. Finally, Financial Sense Advisors Inc. lifted its holdings in shares of TRX Gold by 24.3% during the 4th quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after purchasing an additional 32,991 shares during the last quarter. 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.