TRX Gold (NYSE:TRX) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRXFree Report) in a research note released on Thursday. The firm issued a hold rating on the stock.

Several other equities research analysts also recently issued reports on the company. Alliance Global Partners increased their target price on TRX Gold from $1.50 to $1.75 and gave the stock a buy rating in a research report on Tuesday, April 16th. HC Wainwright increased their price objective on TRX Gold from $1.30 to $1.40 and gave the stock a buy rating in a report on Tuesday, April 16th.

Check Out Our Latest Stock Analysis on TRX Gold

TRX Gold Stock Performance

Shares of TRX Gold stock opened at $0.40 on Thursday. The stock has a market capitalization of $111.54 million, a P/E ratio of 40.03 and a beta of 0.52. TRX Gold has a 52-week low of $0.31 and a 52-week high of $0.49. The stock’s 50-day simple moving average is $0.45 and its 200 day simple moving average is $0.40.

TRX Gold (NYSE:TRXGet Free Report) last posted its quarterly earnings results on Friday, April 12th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $7.98 million for the quarter, compared to analyst estimates of $9.40 million. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.66%. Equities research analysts forecast that TRX Gold will post 0.03 EPS for the current fiscal year.

Institutional Trading of TRX Gold

An institutional investor recently raised its position in TRX Gold stock. PFG Investments LLC lifted its position in TRX Gold Co. (NYSE:TRXFree Report) by 1,103.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 228,588 shares of the company’s stock after purchasing an additional 209,588 shares during the quarter. PFG Investments LLC owned about 0.08% of TRX Gold worth $89,000 at the end of the most recent quarter. Institutional investors own 1.06% of the company’s stock.

About TRX Gold

(Get Free Report)

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.

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