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

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

Separately, HC Wainwright reiterated a buy rating and issued a $1.40 target price on shares of TRX Gold in a report on Tuesday, July 16th.

TRX Gold Stock Performance

TRX opened at $0.40 on Thursday. TRX Gold has a 1-year low of $0.31 and a 1-year high of $0.49. The business has a 50 day moving average price of $0.39 and a two-hundred day moving average price of $0.42.

TRX Gold (NYSE:TRX) last released its earnings results on Friday, July 12th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $10.15 million during the quarter, compared to the consensus estimate of $12.50 million. TRX Gold had a negative return on equity of 3.84% and a negative net margin of 3.06%. Sell-side analysts anticipate that TRX Gold will post 0.01 EPS for the current year.

Institutional Trading of TRX Gold

An institutional investor recently bought a new position in TRX Gold stock. Integrity Wealth Solutions LLC bought a new stake in shares of TRX Gold Co. (NYSE:TRX) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned about 0.10% of TRX Gold at the end of the most recent reporting period. 1.06% of the stock is currently owned by 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.