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

StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a research note issued to investors on Monday. The brokerage issued a hold rating on the stock.

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

TRX Gold Stock Down 0.5 %

NYSE TRX opened at $0.32 on Monday. The stock has a fifty day simple moving average of $0.35 and a 200-day simple moving average of $0.38. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. TRX Gold has a twelve month low of $0.29 and a twelve month high of $0.49.

Institutional Investors Weigh In On TRX Gold

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