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

Investment analysts at StockNews.com started coverage on shares of TRX Gold (NYSE:TRX) in a report released on Wednesday. The brokerage set a “hold” rating on the stock.

Separately, HC Wainwright restated a “buy” rating and set 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 Down 0.8 %

NYSE:TRX opened at $0.32 on Wednesday. The firm’s 50 day simple moving average is $0.32 and its 200 day simple moving average is $0.35. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03. TRX Gold has a one year low of $0.29 and a one year high of $0.49.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new position in TRX Gold during the 4th quarter worth approximately $120,000. Rossby Financial LCC bought a new stake in shares of TRX Gold in the 4th quarter valued at $255,000. Sprott Inc. increased its stake in shares of TRX Gold by 506.7% in the 4th quarter. Sprott Inc. now owns 145,454 shares of the company’s stock valued at $45,000 after acquiring an additional 121,479 shares in the last quarter. Financial Sense Advisors Inc. increased its stake in shares of TRX Gold by 24.3% in the 4th quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after acquiring an additional 32,991 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of TRX Gold in the 3rd quarter valued at $52,000. Institutional investors own 1.06% of the company’s stock.

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.