Research analysts at StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX – Get Free Report) in a report released on Tuesday. The firm set a “hold” rating on the stock.
Separately, HC Wainwright reissued a “buy” rating and issued a $1.40 price target on shares of TRX Gold in a research note on Tuesday, July 16th.
Get Our Latest Research Report on TRX
TRX Gold Price Performance
TRX Gold (NYSE:TRX – Get Free Report) last released its quarterly earnings data on Friday, July 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). TRX Gold had a negative net margin of 3.06% and a negative return on equity of 3.84%. The firm had revenue of $10.15 million for the quarter, compared to analyst estimates of $12.50 million. On average, equities analysts predict that TRX Gold will post 0.01 EPS for the current year.
Hedge Funds Weigh In On TRX Gold
An institutional investor recently bought a new position in TRX Gold stock. Integrity Wealth Solutions LLC acquired a new stake in shares of TRX Gold Co. (NYSE:TRX – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned about 0.10% of TRX Gold as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.
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