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 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 TRX opened at $0.35 on Thursday. The stock’s 50-day moving average price is $0.38 and its 200 day moving average price is $0.40. TRX Gold has a 12-month low of $0.31 and a 12-month high of $0.49.

Institutional Investors Weigh In On TRX Gold

Several institutional investors and hedge funds have recently made changes to their positions in TRX. HighTower Advisors LLC lifted its holdings in TRX Gold by 9.6% during the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock valued at $130,000 after purchasing an additional 29,416 shares during the last quarter. Virtu Financial LLC bought a new position in shares of TRX Gold in the third quarter valued at approximately $52,000. Finally, Ground Swell Capital LLC boosted its holdings in shares of 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 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.