StockNews.com Begins Coverage on TRX Gold (NYSE:TRX)

StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX) in a research note released on Saturday morning. The firm issued a hold rating on the stock.

Separately, HC Wainwright restated a “buy” rating and issued a $1.40 target price on shares of TRX Gold in a research note on Tuesday, July 16th.

TRX Gold Trading Down 3.6 %

NYSE:TRX opened at $0.40 on Friday. TRX Gold has a twelve month low of $0.31 and a twelve month high of $0.49. The company has a fifty day moving average of $0.40 and a 200-day moving average of $0.42.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TRX Gold stock. Integrity Wealth Solutions LLC bought a new stake in TRX Gold Co. (NYSE:TRX) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned about 0.10% of TRX Gold at the end of the most recent reporting period. 1.06% of the stock is currently owned by institutional investors and hedge funds.

About TRX Gold

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.