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

Investment analysts at StockNews.com started coverage on shares of TRX Gold (NYSE:TRX) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the stock.

A number of other analysts also recently issued reports on TRX. HC Wainwright increased their target price on shares of TRX Gold from $1.30 to $1.40 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Alliance Global Partners increased their price objective on shares of TRX Gold from $1.50 to $1.75 and gave the company a “buy” rating in a research report on Tuesday, April 16th.

TRX Gold Stock Performance

TRX opened at $0.46 on Thursday. The firm has a 50 day moving average price of $0.40 and a 200 day moving average price of $0.39. The company has a market cap of $128.55 million, a PE ratio of 46.14 and a beta of 0.65. TRX Gold has a 1 year low of $0.31 and a 1 year 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. The firm had revenue of $7.98 million during the quarter, compared to the consensus estimate of $9.40 million. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.66%. On average, sell-side analysts predict that TRX Gold will post 0.03 earnings per share for the current year.

Institutional Trading of TRX Gold

An institutional investor recently raised its position in TRX Gold stock. PFG Investments LLC raised its position in TRX Gold Co. (NYSE:TRX) by 1,103.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,588 shares of the company’s stock after acquiring an additional 209,588 shares during the quarter. PFG Investments LLC owned 0.08% of TRX Gold worth $89,000 at the end of the most recent 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.