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

StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a research note issued to investors on Friday. The firm issued a hold rating on the stock.

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

TRX Gold Trading Down 1.6 %

Shares of NYSE TRX opened at $0.32 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average is $0.32 and its two-hundred day moving average is $0.37. TRX Gold has a 12-month low of $0.29 and a 12-month high of $0.49.

Hedge Funds Weigh In On TRX Gold

A number of institutional investors have recently modified their holdings of TRX. 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 worth $29,000 after acquiring an additional 48,705 shares during the period. HighTower Advisors LLC boosted its holdings in shares of TRX Gold by 9.6% during 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. Virtu Financial LLC purchased a new stake in shares of TRX Gold in the third quarter valued at $52,000. Financial Sense Advisors Inc. lifted its position in TRX Gold by 24.3% during the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock worth $52,000 after buying an additional 32,991 shares during the period. Finally, Sprott Inc. boosted its stake in TRX Gold by 506.7% in the 4th quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after buying an additional 121,479 shares during the last quarter. 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.