FY2026 EPS Estimates for TRX Gold Cut by HC Wainwright

TRX Gold Co. (NYSEAMERICAN:TRX) – Stock analysts at HC Wainwright reduced their FY2026 earnings estimates for TRX Gold in a research report issued on Monday, June 8th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of ($0.04) for the year, down from their previous forecast of ($0.03). HC Wainwright has a “Buy” rating and a $2.30 price objective on the stock.

TRX Gold Trading Up 0.5%

TRX opened at $0.93 on Wednesday. The stock has a market cap of $304.55 million, a PE ratio of -13.28 and a beta of 0.25. 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 business has a 50 day moving average of $1.25 and a 200-day moving average of $1.26. TRX Gold has a 52 week low of $0.32 and a 52 week high of $2.80.

Hedge Funds Weigh In On TRX Gold

A number of institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of TRX Gold by 128.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,713,800 shares of the company’s stock valued at $4,039,000 after buying an additional 1,524,403 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of 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 acquiring an additional 1,073,200 shares in the last quarter. Marshall Wace LLP bought a new position in shares of TRX Gold in the 4th quarter worth about $1,658,000. Renaissance Technologies LLC purchased a new position in TRX Gold during the 1st quarter valued at about $1,227,000. Finally, Jane Street Group LLC lifted its position in TRX Gold by 4,455.7% during the 4th quarter. Jane Street Group LLC now owns 729,779 shares of the company’s stock valued at $672,000 after acquiring an additional 713,760 shares during the period. Institutional investors own 1.06% of the company’s stock.

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.