TRX Gold (NYSE:TRX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX) in a research report issued on Sunday. The brokerage set a “hold” rating on the stock.

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

TRX Gold Price Performance

Shares of NYSE:TRX opened at $0.38 on Friday. TRX Gold has a 12 month low of $0.31 and a 12 month high of $0.49. The stock’s 50 day moving average price is $0.40 and its 200 day moving average price is $0.42.

Institutional Investors Weigh In On TRX Gold

An institutional investor recently raised its position in TRX Gold stock. Ground Swell Capital LLC grew its position in TRX Gold Co. (NYSE:TRX) by 201.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,823 shares of the company’s stock after acquiring an additional 48,705 shares during the period. Ground Swell Capital LLC’s holdings in TRX Gold were worth $29,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.