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

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

Separately, HC Wainwright reiterated a “buy” rating and issued a $1.50 price target (up from $1.40) on shares of TRX Gold in a report on Tuesday, December 3rd.

TRX Gold Stock Up 5.4 %

Shares of TRX stock opened at $0.33 on Monday. TRX Gold has a 1 year low of $0.29 and a 1 year high of $0.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.84. The stock’s 50 day simple moving average is $0.34 and its two-hundred day simple moving average is $0.38.

Institutional Trading of TRX Gold

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ground Swell Capital LLC boosted its position in shares of TRX Gold by 201.9% in the 3rd quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock worth $29,000 after purchasing an additional 48,705 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of TRX Gold by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after purchasing an additional 29,416 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of TRX Gold in the 3rd quarter worth $52,000. Institutional investors 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.