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

StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a research note released on Friday morning. The brokerage issued a hold rating on the stock.

Several other analysts have also commented on TRX. Alliance Global Partners increased their price objective on TRX Gold from $1.50 to $1.75 and gave the company a buy rating in a report on Tuesday, April 16th. HC Wainwright increased their price target on TRX Gold from $1.30 to $1.40 and gave the company a buy rating in a research note on Tuesday, April 16th.

TRX Gold Price Performance

Shares of TRX Gold stock opened at $0.45 on Friday. The stock has a market cap of $126.21 million, a price-to-earnings ratio of 45.30 and a beta of 0.59. The firm’s 50-day moving average is $0.41 and its two-hundred day moving average is $0.39. TRX Gold has a 1 year low of $0.31 and a 1 year high of $0.60.

TRX Gold (NYSE:TRX) last announced its earnings results on Friday, April 12th. The company reported $0.01 EPS for the quarter. The business had revenue of $7.98 million during the quarter, compared to the consensus estimate of $9.40 million. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.66%. On average, equities analysts expect that TRX Gold will post 0.03 earnings per share for the current year.

Hedge Funds Weigh In On TRX Gold

An institutional investor recently bought a new position in TRX Gold stock. Integrity Wealth Solutions LLC bought a new position in shares of TRX Gold Co. (NYSE:TRX) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned 0.10% of TRX Gold as of its most recent SEC filing. 1.06% of the stock is owned by hedge funds and other 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.