TRX Gold Co. (NYSE:TRX) Shares Acquired by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. lifted its position in TRX Gold Co. (NYSE:TRX) by 24.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 168,483 shares of the company’s stock after purchasing an additional 32,991 shares during the quarter. Financial Sense Advisors Inc.’s holdings in TRX Gold were worth $52,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in TRX Gold by 9.6% in the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock valued at $130,000 after buying an additional 29,416 shares during the last quarter. Ground Swell Capital LLC increased its holdings in shares of TRX Gold by 201.9% in the 3rd quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after acquiring an additional 48,705 shares during the period. Finally, Virtu Financial LLC purchased a new stake in TRX Gold in the 3rd quarter valued at $52,000. Hedge funds and other institutional investors own 1.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com started coverage on shares of TRX Gold in a research note on Saturday, February 15th. They issued a “hold” rating on the stock. HC Wainwright restated a “buy” rating and issued a $1.50 price target (up previously from $1.40) on shares of TRX Gold in a research report on Tuesday, December 3rd.

TRX Gold Price Performance

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

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.