Roth Capital Equities Analysts Lift Earnings Estimates for TRX Gold Co. (NYSE:TRX)

TRX Gold Co. (NYSE:TRX) – Research analysts at Roth Capital raised their FY2025 earnings per share (EPS) estimates for shares of TRX Gold in a note issued to investors on Wednesday, April 17th. Roth Capital analyst M. Niehuser now anticipates that the company will earn $0.08 per share for the year, up from their previous forecast of $0.07. The consensus estimate for TRX Gold’s current full-year earnings is $0.03 per share.

Several other analysts have also recently commented on the company. HC Wainwright raised their price target on TRX Gold from $1.30 to $1.40 and gave the company a “buy” rating in a report on Tuesday. StockNews.com assumed coverage on TRX Gold in a research report on Wednesday. They set a “hold” rating for the company. Finally, Alliance Global Partners lifted their price objective on TRX Gold from $1.50 to $1.75 and gave the company a “buy” rating in a research report on Tuesday.

TRX Gold Stock Up 3.3 %

NYSE:TRX opened at $0.46 on Thursday. The stock’s 50 day moving average price is $0.38 and its 200 day moving average price is $0.38. The company has a market capitalization of $128.61 million, a PE ratio of 46.16 and a beta of 0.65. TRX Gold has a 52-week low of $0.31 and a 52-week high of $0.60.

TRX Gold (NYSE:TRX) last posted its earnings results on Friday, April 12th. The company reported $0.01 earnings per share (EPS) for the quarter. TRX Gold had a negative return on equity of 1.66% and a net margin of 0.70%. The firm had revenue of $7.98 million for the quarter, compared to analyst estimates of $9.40 million.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TRX. Renaissance Technologies LLC lifted its stake in shares of TRX Gold by 325.1% in the first quarter. Renaissance Technologies LLC now owns 611,000 shares of the company’s stock worth $189,000 after acquiring an additional 467,274 shares in the last quarter. Integrity Wealth Solutions LLC bought a new stake in TRX Gold in the first quarter valued at about $113,000. Millennium Management LLC increased its holdings in TRX Gold by 493.1% in the fourth quarter. Millennium Management LLC now owns 254,416 shares of the company’s stock valued at $86,000 after buying an additional 211,523 shares during the last quarter. Virtu Financial LLC bought a new stake in TRX Gold in the first quarter valued at about $45,000. Finally, Bedel Financial Consulting Inc. bought a new stake in TRX Gold in the second quarter valued at about $44,000. Institutional investors and hedge funds 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.