TRX Gold (NYSE:TRX) Receives New Coverage from Analysts at StockNews.com

Posted by ABMN Staff on Jul 14th, 2024

Investment analysts at StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX – Get Free Report) in a research note issued on Sunday. The brokerage set a “hold” rating on the stock.

TRX has been the subject of a number of other research reports. Alliance Global Partners upped their price objective on shares of TRX Gold from $1.50 to $1.75 and gave the company a “buy” rating in a research note on Tuesday, April 16th. HC Wainwright upped their price objective on shares of TRX Gold from $1.30 to $1.40 and gave the company a “buy” rating in a research note on Tuesday, April 16th.

Check Out Our Latest Report on TRX

TRX Gold Price Performance

NYSE TRX opened at $0.44 on Friday. TRX Gold has a 12 month low of $0.31 and a 12 month high of $0.49. The company has a 50-day moving average of $0.43 and a 200-day moving average of $0.40. The company has a market cap of $121.72 million, a P/E ratio of 43.64 and a beta of 0.40.

TRX Gold (NYSE:TRX – Get Free Report) last posted its quarterly earnings data on Friday, April 12th. The company reported $0.01 EPS for the quarter. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.66%. The company had revenue of $7.98 million during the quarter, compared to the consensus estimate of $9.40 million. As a group, equities research analysts anticipate that TRX Gold will post 0.03 EPS for the current year.

Institutional Investors Weigh In On TRX Gold

A hedge fund recently bought a new stake in TRX Gold stock. Integrity Wealth Solutions LLC bought a new position in TRX Gold Co. (NYSE:TRX – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned 0.10% of TRX Gold at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.06% of the company’s stock.

About TRX Gold

(Get Free Report)

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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