TRX Gold (NYSE:TRX) Earns Hold Rating from Analysts at StockNews.com

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

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

TRX Gold Trading Up 2.5 %

NYSE TRX opened at $0.31 on Friday. The company has a fifty day moving average price of $0.35 and a 200-day moving average price of $0.38. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. TRX Gold has a 1 year low of $0.29 and a 1 year high of $0.49.

Institutional Inflows and Outflows

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