TRX Gold (NYSE:TRX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a research note published on Sunday morning. The brokerage issued a hold rating on the stock.

Separately, HC Wainwright restated a “buy” rating and issued a $1.50 target price (up from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.

TRX Gold Stock Up 2.5 %

Shares of NYSE TRX opened at $0.31 on Friday. TRX Gold has a 12-month low of $0.29 and a 12-month high of $0.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.84 and a quick ratio of 0.54. The company’s fifty day simple moving average is $0.35 and its 200 day simple moving average is $0.38.

Institutional Trading of TRX Gold

Hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in TRX Gold during the third quarter worth $52,000. Ground Swell Capital LLC increased its position in shares of TRX Gold by 201.9% during the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock worth $29,000 after acquiring an additional 48,705 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of TRX Gold by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after acquiring an additional 29,416 shares during the last quarter. 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.