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

StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX) in a report published on Friday morning. The firm issued a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. HC Wainwright upped their price objective on shares of TRX Gold from $1.30 to $1.40 and gave the company a buy rating in a research note on Tuesday, April 16th. Alliance Global Partners lifted their price objective on TRX Gold from $1.50 to $1.75 and gave the stock a buy rating in a report on Tuesday, April 16th.

TRX Gold Stock Performance

TRX stock opened at $0.40 on Friday. TRX Gold has a 1-year low of $0.31 and a 1-year high of $0.49. The stock has a market cap of $110.81 million, a price-to-earnings ratio of 39.77 and a beta of 0.40. The company’s 50 day moving average is $0.44 and its 200 day moving average is $0.40.

TRX Gold (NYSE:TRX) last posted its quarterly earnings data on Friday, April 12th. The company reported $0.01 earnings per share for the quarter. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.66%. The firm had revenue of $7.98 million for the quarter, compared to analysts’ expectations of $9.40 million. As a group, sell-side analysts forecast that TRX Gold will post 0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On TRX Gold

A hedge fund recently bought a new stake in TRX Gold stock. Integrity Wealth Solutions LLC purchased a new stake in shares of TRX Gold Co. (NYSE:TRX) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned 0.10% of TRX Gold at the end of the most recent reporting 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.