TRX Gold (NYSE:TRX) Research Coverage Started at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a report released on Monday. The brokerage set a “hold” rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Alliance Global Partners increased their target price on shares of TRX Gold from $1.50 to $1.75 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. HC Wainwright raised their price objective on shares of TRX Gold from $1.30 to $1.40 and gave the stock a “buy” rating in a report on Tuesday, April 16th.

TRX Gold Trading Up 2.2 %

NYSE TRX opened at $0.45 on Monday. TRX Gold has a 1-year low of $0.31 and a 1-year high of $0.49. The company has a market capitalization of $126.35 million, a price-to-earnings ratio of 45.35 and a beta of 0.59. The stock’s 50 day moving average is $0.44 and its two-hundred day moving average is $0.39.

TRX Gold (NYSE:TRX) last announced its quarterly earnings results on Friday, April 12th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $7.98 million for the quarter, compared to analysts’ expectations of $9.40 million. TRX Gold had a negative return on equity of 1.66% and a net margin of 0.70%. On average, analysts predict that TRX Gold will post 0.03 earnings per share for the current year.

Institutional Trading of TRX Gold

A hedge fund recently raised its stake in TRX Gold stock. PFG Investments LLC raised its stake in TRX Gold Co. (NYSE:TRX) by 1,103.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,588 shares of the company’s stock after acquiring an additional 209,588 shares during the quarter. PFG Investments LLC owned about 0.08% of TRX Gold worth $89,000 as of its most recent filing with the Securities and Exchange Commission. 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.