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

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

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

TRX Gold Stock Performance

NYSE:TRX opened at $0.29 on Friday. TRX Gold has a fifty-two week low of $0.29 and a fifty-two week high of $0.49. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average is $0.37 and its two-hundred day moving average is $0.39.

Institutional Inflows and Outflows

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