TRX Gold (NYSE:TRX) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.

A number of other equities research analysts have also weighed in on the company. Alliance Global Partners raised their price objective on TRX Gold from $1.50 to $1.75 and gave the company a “buy” rating in a research note on Tuesday, April 16th. HC Wainwright raised their price objective on TRX Gold from $1.30 to $1.40 and gave the company a “buy” rating in a research note on Tuesday, April 16th.

TRX Gold Stock Up 1.7 %

Shares of NYSE TRX opened at $0.41 on Thursday. TRX Gold has a fifty-two week low of $0.31 and a fifty-two week high of $0.49. The business has a 50 day moving average price of $0.45 and a two-hundred day moving average price of $0.40. The firm has a market cap of $115.72 million, a PE ratio of 41.53 and a beta of 0.52.

TRX Gold (NYSE:TRX) last issued its quarterly earnings data on Friday, April 12th. The company reported $0.01 earnings per share for the quarter. TRX Gold had a negative return on equity of 1.66% and a net margin of 0.70%. The firm had revenue of $7.98 million during the quarter, compared to analyst estimates of $9.40 million. On average, analysts anticipate that TRX Gold will post 0.03 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TRX Gold stock. PFG Investments LLC grew its position in shares of TRX Gold Co. (NYSE:TRX) by 1,103.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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.

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.