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

Analysts at StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a report released on Sunday. The firm set a “hold” rating on the stock.

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

TRX Gold Price Performance

NYSE TRX opened at $0.30 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.84 and a quick ratio of 0.54. The business has a fifty day simple moving average of $0.36 and a 200 day simple moving average of $0.39. 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

Several hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new stake in shares of TRX Gold during the 3rd quarter valued at $52,000. Ground Swell Capital LLC raised its position in TRX Gold by 201.9% during the 3rd quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after purchasing an additional 48,705 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in TRX Gold by 9.6% in the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after acquiring an additional 29,416 shares during the period. 1.06% of the stock is currently owned by hedge funds and other 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.