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

Research analysts at StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a report issued on Tuesday. The brokerage set a “hold” rating on the stock.

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

TRX Gold Trading Up 0.9 %

Shares of TRX Gold stock opened at $0.30 on Tuesday. The company’s fifty day simple moving average is $0.32 and its two-hundred day simple moving average is $0.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51. 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 bought and sold shares of TRX. Rossby Financial LCC purchased a new position in shares of TRX Gold during the 4th quarter worth approximately $255,000. BNP Paribas Financial Markets bought a new stake in shares of TRX Gold during the fourth quarter valued at approximately $120,000. Virtu Financial LLC purchased a new stake in TRX Gold in the third quarter worth $52,000. Sprott Inc. raised its holdings in TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after purchasing an additional 121,479 shares in the last quarter. Finally, 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 valued at $52,000 after buying an additional 32,991 shares during the period. 1.06% of the stock is owned by 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.