TRX Gold (NYSEAMERICAN:TRX) Shares Down 5.8% – What’s Next?

TRX Gold Co. (NYSEAMERICAN:TRX) fell 5.8% during trading on Friday . The company traded as low as $1.11 and last traded at $1.13. 3,226,044 shares traded hands during trading, a decline of 13% from the average session volume of 3,727,117 shares. The stock had previously closed at $1.20.

Analyst Ratings Changes

A number of research firms have commented on TRX. Roth Mkm set a $2.25 target price on shares of TRX Gold and gave the company a “buy” rating in a research report on Monday, February 9th. HC Wainwright reissued a “buy” rating and set a $2.30 target price on shares of TRX Gold in a research report on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $2.28.

TRX Gold Stock Performance

The business’s 50-day moving average price is $1.41 and its 200-day moving average price is $1.20. The stock has a market cap of $368.30 million, a PE ratio of -16.14 and a beta of 0.25. The company has a current ratio of 2.37, a quick ratio of 1.52 and a debt-to-equity ratio of 0.03.

Institutional Trading of TRX Gold

A number of institutional investors have recently bought and sold shares of TRX. Marshall Wace LLP acquired a new stake in TRX Gold in the 4th quarter worth approximately $1,658,000. Arrowstreet Capital Limited Partnership boosted its stake in TRX Gold by 128.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,713,800 shares of the company’s stock worth $4,039,000 after purchasing an additional 1,524,403 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in TRX Gold by 144.1% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,817,781 shares of the company’s stock worth $1,685,000 after purchasing an additional 1,073,200 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in TRX Gold in the 1st quarter worth approximately $1,227,000. Finally, Jane Street Group LLC boosted its stake in TRX Gold by 4,455.7% in the 4th quarter. Jane Street Group LLC now owns 729,779 shares of the company’s stock worth $672,000 after purchasing an additional 713,760 shares in the last quarter. 1.06% of the stock is currently owned by institutional investors and hedge funds.

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. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022.