TRX Gold (NYSE:TRX) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com initiated 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 reiterated a “buy” rating and issued a $1.50 price target (up from $1.40) on shares of TRX Gold in a report on Tuesday, December 3rd.

TRX Gold Trading Up 2.2 %

TRX stock opened at $0.32 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03. TRX Gold has a twelve month low of $0.29 and a twelve month high of $0.49. The firm’s fifty day simple moving average is $0.33 and its two-hundred day simple moving average is $0.37.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TRX. Ground Swell Capital LLC raised its holdings in shares of 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 in the last quarter. Virtu Financial LLC purchased a new stake in TRX Gold during the third quarter valued at approximately $52,000. Finally, HighTower Advisors LLC lifted its holdings in shares of TRX Gold by 9.6% during 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 last quarter. 1.06% of the stock is currently owned by hedge funds and other institutional investors.

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.