TRX Gold Co. $TRX Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. grew its stake in shares of TRX Gold Co. (NYSEAMERICAN:TRX) by 144.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,817,781 shares of the company’s stock after acquiring an additional 1,073,200 shares during the period. Hillsdale Investment Management Inc. owned about 0.63% of TRX Gold worth $1,685,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. MAI Capital Management bought a new stake in shares of TRX Gold during the 3rd quarter valued at about $30,000. Jane Street Group LLC grew its position in shares of TRX Gold by 157.7% during the 2nd quarter. Jane Street Group LLC now owns 108,573 shares of the company’s stock valued at $36,000 after buying an additional 66,437 shares during the last quarter. PFG Private Wealth Management LLC bought a new stake in shares of TRX Gold during the 3rd quarter valued at about $182,000. Evergreen Capital Management LLC bought a new stake in shares of TRX Gold during the 2nd quarter valued at about $136,000. Finally, Citadel Advisors LLC grew its position in shares of TRX Gold by 50.4% during the 3rd quarter. Citadel Advisors LLC now owns 442,851 shares of the company’s stock valued at $276,000 after buying an additional 148,330 shares during the last quarter. 1.06% of the stock is owned by institutional investors and hedge funds.

TRX Gold Price Performance

Shares of NYSEAMERICAN:TRX opened at $1.15 on Monday. The company has a quick ratio of 1.52, a current ratio of 2.37 and a debt-to-equity ratio of 0.03. The firm has a 50-day simple moving average of $1.29 and a 200 day simple moving average of $1.24. The company has a market cap of $374.82 million, a PE ratio of -16.43 and a beta of 0.25. TRX Gold Co. has a fifty-two week low of $0.32 and a fifty-two week high of $2.80.

Wall Street Analysts Forecast Growth

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

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