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

Equities research analysts at StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

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

TRX Gold Price Performance

TRX Gold stock opened at $0.40 on Friday. The stock’s 50 day moving average is $0.44 and its 200 day moving average is $0.40. TRX Gold has a one year low of $0.31 and a one year high of $0.49. The firm has a market cap of $110.81 million, a P/E ratio of 39.77 and a beta of 0.52.

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 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. Equities analysts anticipate that TRX Gold will post 0.03 earnings per share 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 acquired a new stake in TRX Gold Co. (NYSE:TRX) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned approximately 0.10% of TRX Gold at the end of the most recent quarter. 1.06% of the stock is currently 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.