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

StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRXGet Free Report) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

TRX Gold Stock Performance

Shares of TRX stock opened at $0.33 on Tuesday. The company’s 50-day moving average is $0.37 and its 200 day moving average is $0.39. The company has a market capitalization of $92.88 million, a price-to-earnings ratio of 33.33 and a beta of 0.66. TRX Gold has a one year low of $0.31 and a one year high of $0.60.

TRX Gold (NYSE:TRXGet Free Report) last issued its quarterly earnings data on Monday, December 4th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. TRX Gold had a negative net margin of 5.86% and a negative return on equity of 3.73%. The firm had revenue of $9.19 million for the quarter, compared to analysts’ expectations of $11.10 million. As a group, research analysts predict that TRX Gold will post 0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TRX Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC raised its stake in TRX Gold by 211.1% during the 4th quarter. Virtu Financial LLC now owns 109,558 shares of the company’s stock worth $37,000 after acquiring an additional 74,338 shares during the period. Bedel Financial Consulting Inc. bought a new stake in TRX Gold during the 2nd quarter worth approximately $44,000. Morgan Stanley raised its stake in TRX Gold by 19.7% during the 4th quarter. Morgan Stanley now owns 179,454 shares of the company’s stock worth $61,000 after acquiring an additional 29,575 shares during the period. Millennium Management LLC raised its stake in TRX Gold by 493.1% during the 4th quarter. Millennium Management LLC now owns 254,416 shares of the company’s stock worth $86,000 after acquiring an additional 211,523 shares during the period. Finally, HighTower Advisors LLC raised its stake in TRX Gold by 12.8% during the 4th quarter. HighTower Advisors LLC now owns 297,190 shares of the company’s stock worth $99,000 after acquiring an additional 33,690 shares during the period. Institutional investors own 1.57% of the company’s stock.

TRX Gold Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for TRX Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRX Gold and related companies with MarketBeat.com's FREE daily email newsletter.