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

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

Separately, HC Wainwright reaffirmed a “buy” rating and set a $1.40 price objective on shares of TRX Gold in a research note on Tuesday, July 16th.

TRX Gold Stock Up 3.5 %

NYSE TRX opened at $0.40 on Thursday. The company has a fifty day moving average of $0.39 and a two-hundred day moving average of $0.42. TRX Gold has a 52 week low of $0.31 and a 52 week high of $0.49.

TRX Gold (NYSE:TRX) last posted its quarterly earnings data on Friday, July 12th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $10.15 million for the quarter, compared to analysts’ expectations of $12.50 million. TRX Gold had a negative return on equity of 3.84% and a negative net margin of 3.06%. Equities analysts anticipate that TRX Gold will post 0.01 EPS for the current fiscal year.

Institutional Trading of 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) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 reporting period. Hedge funds and other institutional investors own 1.06% of the company’s stock.

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.