TRX Gold (NYSE:TRX) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a research note released on Monday. The brokerage issued a hold rating on the stock.

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

TRX Gold Stock Up 2.7 %

NYSE TRX opened at $0.30 on Monday. TRX Gold has a 1-year low of $0.29 and a 1-year high of $0.49. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $0.32 and its 200-day simple moving average is $0.36.

Institutional Investors Weigh In On TRX Gold

A number of large investors have recently bought and sold shares of TRX. Ground Swell Capital LLC boosted its holdings in 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 purchasing an additional 48,705 shares in the last quarter. Sprott Inc. boosted its holdings in TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after purchasing an additional 121,479 shares in the last quarter. Financial Sense Advisors Inc. boosted its holdings in TRX Gold by 24.3% in the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock worth $52,000 after purchasing an additional 32,991 shares in the last quarter. Virtu Financial LLC bought a new stake in TRX Gold in the third quarter worth $52,000. Finally, BNP Paribas Financial Markets bought a new stake in TRX Gold in the fourth quarter worth $120,000. 1.06% of the stock is currently owned by institutional investors.

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.