TRX Gold (NYSE:TRX) PT Raised to $1.40 at HC Wainwright

TRX Gold (NYSE:TRX) had its target price raised by investment analysts at HC Wainwright from $1.30 to $1.40 in a report released on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price target indicates a potential upside of 213.55% from the stock’s previous close.

Separately, StockNews.com began coverage on shares of TRX Gold in a research report on Tuesday, April 9th. They set a “hold” rating for the company.

TRX Gold Price Performance

NYSE TRX opened at $0.45 on Tuesday. The company has a 50-day moving average of $0.38 and a 200-day moving average of $0.38. The company has a market cap of $124.54 million, a P/E ratio of 44.69 and a beta of 0.65. TRX Gold has a 12 month low of $0.31 and a 12 month high of $0.60.

TRX Gold (NYSE:TRX) last posted its earnings results on Friday, April 12th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $7.98 million during the quarter, compared to the consensus estimate of $9.40 million. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.66%. As a group, equities research analysts anticipate that TRX Gold will post 0.03 EPS for the current year.

Institutional Trading of TRX Gold

Several large investors have recently bought and sold shares of TRX. Renaissance Technologies LLC grew its position in TRX Gold by 325.1% in the first quarter. Renaissance Technologies LLC now owns 611,000 shares of the company’s stock valued at $189,000 after acquiring an additional 467,274 shares in the last quarter. Virtu Financial LLC acquired a new stake in TRX Gold in the first quarter valued at approximately $45,000. HighTower Advisors LLC grew its position in TRX Gold by 12.8% in the fourth quarter. HighTower Advisors LLC now owns 297,190 shares of the company’s stock valued at $99,000 after acquiring an additional 33,690 shares in the last quarter. Morgan Stanley grew its position in TRX Gold by 19.7% in the fourth quarter. Morgan Stanley now owns 179,454 shares of the company’s stock valued at $61,000 after acquiring an additional 29,575 shares in the last quarter. Finally, Millennium Management LLC grew its position in TRX Gold by 493.1% in the fourth quarter. Millennium Management LLC now owns 254,416 shares of the company’s stock valued at $86,000 after acquiring an additional 211,523 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.