TRX Gold’s (TRX) Buy Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of TRX Gold (NYSE:TRX) in a research report sent to investors on Tuesday,Benzinga reports. They currently have a $1.50 price objective on the stock, up from their previous price objective of $1.40. HC Wainwright also issued estimates for TRX Gold’s FY2025 earnings at $0.07 EPS and FY2026 earnings at $0.11 EPS.

Separately, StockNews.com initiated coverage on shares of TRX Gold in a report on Wednesday, November 27th. They set a “hold” rating for the company.

TRX Gold Stock Down 3.2 %

Shares of TRX stock opened at $0.35 on Tuesday. The company has a 50-day simple moving average of $0.38 and a 200 day simple moving average of $0.40. TRX Gold has a 52 week low of $0.31 and a 52 week high of $0.49.

Institutional Trading of TRX Gold

A number of institutional investors have recently bought and sold shares of TRX. Ground Swell Capital LLC boosted its holdings in TRX Gold by 201.9% in the 3rd quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after purchasing an additional 48,705 shares during the period. Virtu Financial LLC bought a new stake in TRX Gold in the 3rd quarter valued at about $52,000. Finally, HighTower Advisors LLC boosted its holdings in TRX Gold by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock valued at $130,000 after purchasing an additional 29,416 shares during the period. 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.