TRX Gold (NYSE:TRX) Now Covered by Analysts at StockNews.com

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

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

TRX Gold Stock Performance

Shares of NYSE TRX opened at $0.32 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51. The business has a 50-day simple moving average of $0.33 and a two-hundred day simple moving average of $0.38. TRX Gold has a fifty-two week low of $0.29 and a fifty-two week high of $0.49.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TRX. Virtu Financial LLC purchased a new position in shares of TRX Gold in the third quarter worth about $52,000. Ground Swell Capital LLC raised its stake in shares of TRX Gold by 201.9% in the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock worth $29,000 after purchasing an additional 48,705 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake 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 purchasing an additional 29,416 shares during the last quarter. 1.06% of the stock is currently owned by hedge funds and other institutional investors.

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.