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

StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a report published on Thursday. The firm issued a hold rating on the stock.

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

TRX Gold Stock Performance

TRX opened at $0.32 on Thursday. TRX Gold has a 52 week low of $0.29 and a 52 week high of $0.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51. The firm has a 50-day simple moving average of $0.31 and a two-hundred day simple moving average of $0.35.

Institutional Trading of TRX Gold

A number of large investors have recently made changes to their positions in the business. Sprott Inc. grew its position in TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after acquiring an additional 121,479 shares in the last quarter. Financial Sense Advisors Inc. lifted its stake in shares of TRX Gold by 24.3% in the 4th quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after purchasing an additional 32,991 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of TRX Gold in the 3rd quarter worth approximately $52,000. BNP Paribas Financial Markets purchased a new stake in TRX Gold during the 4th quarter valued at $120,000. Finally, HighTower Advisors LLC lifted its position in TRX Gold by 9.6% in the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after buying an additional 29,416 shares during the last quarter. 1.06% of the stock is currently owned by 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.