StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX – Free Report) in a report released on Saturday morning. The brokerage issued a hold rating on the stock.
A number of other brokerages also recently issued reports on TRX. Alliance Global Partners upped their price target on TRX Gold from $1.50 to $1.75 and gave the company a buy rating in a report on Tuesday, April 16th. HC Wainwright lifted their target price on shares of TRX Gold from $1.30 to $1.40 and gave the company a buy rating in a report on Tuesday, April 16th.
Read Our Latest Stock Analysis on TRX Gold
TRX Gold Trading Up 2.9 %
TRX traded up $0.01 on Friday, hitting $0.40. 483,668 shares of the company were exchanged, compared to its average volume of 285,506. The firm has a 50-day moving average price of $0.44 and a two-hundred day moving average price of $0.40. TRX Gold has a twelve month low of $0.31 and a twelve month high of $0.49. The company has a market cap of $112.71 million, a price-to-earnings ratio of 40.45 and a beta of 0.40.
TRX Gold (NYSE:TRX – Get Free Report) last announced its quarterly earnings data on Friday, April 12th. The company reported $0.01 EPS for the quarter. The business had revenue of $7.98 million during the quarter, compared to the consensus estimate of $9.40 million. TRX Gold had a negative return on equity of 1.66% and a net margin of 0.70%. Equities analysts expect that TRX Gold will post 0.03 EPS for the current year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in TRX Gold stock. PFG Investments LLC boosted its position in TRX Gold Co. (NYSE:TRX – Free Report) by 1,103.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,588 shares of the company’s stock after buying an additional 209,588 shares during the period. PFG Investments LLC owned approximately 0.08% of TRX Gold worth $89,000 as of its most recent SEC filing. 1.06% of the stock is currently owned by institutional investors and hedge funds.
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.
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