TRX Gold (NYSE:TRX) Research Coverage Started at StockNews.com

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

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

TRX Gold Price Performance

Shares of TRX Gold stock opened at $0.32 on Thursday. TRX Gold has a twelve month low of $0.29 and a twelve month high of $0.49. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03. The firm’s 50-day simple moving average is $0.31 and its 200-day simple moving average is $0.35.

Institutional Trading of TRX Gold

Hedge funds have recently modified their holdings of the company. Rossby Financial LCC bought a new stake in TRX Gold during the 4th quarter worth approximately $255,000. BNP Paribas Financial Markets acquired a new position in TRX Gold in the fourth quarter worth $120,000. Virtu Financial LLC acquired a new position in TRX Gold in the third quarter worth $52,000. Sprott Inc. grew its holdings in shares of TRX Gold by 506.7% during 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 during the last quarter. Finally, Financial Sense Advisors Inc. increased its stake in shares of TRX Gold by 24.3% in 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 in the last quarter. Institutional investors and hedge funds 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.