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

Analysts at StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a note issued to investors on Thursday. The firm set a “hold” rating on the stock.

TRX has been the subject of a number of other reports. Alliance Global Partners lifted their price target on shares of TRX Gold from $1.50 to $1.75 and gave the company a “buy” rating in a research report on Tuesday, April 16th. HC Wainwright lifted their target price on shares of TRX Gold from $1.30 to $1.40 and gave the company a “buy” rating in a report on Tuesday, April 16th.

TRX Gold Stock Performance

NYSE:TRX opened at $0.45 on Thursday. TRX Gold has a one year low of $0.31 and a one year high of $0.60. The stock has a market cap of $126.21 million, a PE ratio of 45.30 and a beta of 0.65. The stock has a 50 day moving average price of $0.39 and a 200 day moving average price of $0.38.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in TRX Gold stock. PFG Investments LLC raised its holdings in TRX Gold Co. (NYSE:TRX) by 1,103.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,588 shares of the company’s stock after buying an additional 209,588 shares during the period. PFG Investments LLC owned about 0.08% of TRX Gold worth $89,000 as of its most recent SEC filing. 1.06% of the stock is owned by institutional investors and hedge funds.

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.