TRX Gold’s (TRX) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of TRX Gold (NYSEAMERICAN:TRX) in a research note released on Thursday,Benzinga reports. They currently have a $2.30 target price on the stock.

Separately, Roth Mkm set a $2.25 target price on TRX Gold and gave the company a “buy” rating in a report on Monday, February 9th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, TRX Gold has an average rating of “Buy” and an average target price of $2.28.

TRX Gold Stock Performance

NYSEAMERICAN:TRX opened at $1.45 on Thursday. The stock has a market capitalization of $472.60 million, a PE ratio of -20.71 and a beta of 0.48. The company has a fifty day moving average of $1.61 and a two-hundred day moving average of $1.14. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.56 and a current ratio of 2.37. TRX Gold has a fifty-two week low of $0.30 and a fifty-two week high of $2.80.

TRX Gold (NYSEAMERICAN:TRX) last released its quarterly earnings results on Thursday, January 15th. The company reported ($0.01) earnings per share for the quarter. TRX Gold had a negative return on equity of 12.62% and a negative net margin of 23.45%. As a group, research analysts forecast that TRX Gold will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of TRX Gold

Large investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. raised its holdings in TRX Gold by 144.1% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,817,781 shares of the company’s stock valued at $1,685,000 after acquiring an additional 1,073,200 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of TRX Gold during the 4th quarter worth approximately $1,658,000. Jane Street Group LLC grew its position in shares of TRX Gold by 4,455.7% in the fourth quarter. Jane Street Group LLC now owns 729,779 shares of the company’s stock valued at $672,000 after purchasing an additional 713,760 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of TRX Gold by 6.2% in the third quarter. BNP Paribas Financial Markets now owns 482,536 shares of the company’s stock valued at $301,000 after purchasing an additional 27,966 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of TRX Gold by 50.4% in the third quarter. Citadel Advisors LLC now owns 442,851 shares of the company’s stock valued at $276,000 after purchasing an additional 148,330 shares during the last quarter. Hedge funds and other institutional investors own 1.06% of the company’s stock.

TRX Gold Company Profile

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.