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

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

Other research analysts also recently issued reports about the company. HC Wainwright reaffirmed a buy rating and issued a $1.40 price target on shares of TRX Gold in a research report on Tuesday, July 16th. Alliance Global Partners upped their target price on shares of TRX Gold from $1.50 to $1.75 and gave the company a buy rating in a research note on Tuesday, April 16th.

TRX Gold Price Performance

NYSE:TRX opened at $0.42 on Monday. The company’s 50 day moving average is $0.43 and its 200-day moving average is $0.40. TRX Gold has a 12 month low of $0.31 and a 12 month high of $0.49.

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

Institutional Trading of TRX Gold

A hedge fund recently raised its stake in TRX Gold stock. PFG Investments LLC raised its holdings in TRX Gold Co. (NYSE:TRX) by 1,103.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,588 shares of the company’s stock after buying an additional 209,588 shares during the quarter. PFG Investments LLC owned 0.08% of TRX Gold worth $89,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.