TRX Gold (NYSE:TRX) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a research report released on Saturday morning. The firm issued a hold rating on the stock.

Separately, HC Wainwright restated a “buy” rating and issued a $1.50 target price (up from $1.40) on shares of TRX Gold in a research report on Tuesday, December 3rd.

TRX Gold Stock Performance

TRX Gold stock opened at $0.29 on Friday. The company’s 50-day moving average price is $0.37 and its two-hundred day moving average price is $0.39. TRX Gold has a 52 week low of $0.29 and a 52 week high of $0.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.84 and a quick ratio of 0.54.

Institutional Investors Weigh In On TRX Gold

A number of institutional investors and hedge funds have recently modified their holdings of TRX. Virtu Financial LLC purchased a new position in TRX Gold in the 3rd quarter worth about $52,000. HighTower Advisors LLC increased its position in shares of TRX Gold by 9.6% in the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after acquiring an additional 29,416 shares in the last quarter. Finally, Ground Swell Capital LLC increased its position in shares of TRX Gold by 201.9% in the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock worth $29,000 after acquiring an additional 48,705 shares in the last quarter. 1.06% of the stock is 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.