TRX Gold (NYSE:TRX) Research Coverage Started at StockNews.com

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

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

TRX Gold Stock Performance

TRX Gold stock opened at $0.32 on Tuesday. TRX Gold has a 52-week low of $0.29 and a 52-week high of $0.49. The firm’s fifty day moving average is $0.32 and its 200 day moving average is $0.35. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 0.03.

Institutional Trading of TRX Gold

A number of institutional investors have recently bought and sold shares of TRX. Sprott Inc. lifted its holdings in shares of TRX Gold by 506.7% in the 4th quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after acquiring an additional 121,479 shares during the last quarter. Financial Sense Advisors Inc. lifted its stake in TRX Gold by 24.3% in the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock worth $52,000 after purchasing an additional 32,991 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of TRX Gold during the third quarter valued at approximately $52,000. BNP Paribas Financial Markets bought a new position in shares of TRX Gold during the fourth quarter valued at approximately $120,000. Finally, HighTower Advisors LLC raised its holdings in shares of TRX Gold by 9.6% in the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after buying an additional 29,416 shares during the period. 1.06% of the stock is currently owned by 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.