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

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

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

TRX Gold Stock Performance

NYSE:TRX opened at $0.30 on Friday. TRX Gold has a 52 week low of $0.29 and a 52 week high of $0.49. The firm has a 50-day moving average price of $0.37 and a two-hundred day moving average price of $0.39. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On TRX Gold

A number of hedge funds have recently modified their holdings of TRX. Ground Swell Capital LLC increased its position in TRX Gold by 201.9% in the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock worth $29,000 after buying an additional 48,705 shares during the last quarter. Virtu Financial LLC bought a new position in shares of TRX Gold during the 3rd quarter worth $52,000. Finally, HighTower Advisors LLC increased 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 worth $130,000 after acquiring an additional 29,416 shares during the last quarter. 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.