TRX Gold (NYSE:TRX) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a report released on Friday. The firm set a “hold” rating on the stock.

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

TRX Gold Stock Performance

Shares of NYSE:TRX opened at $0.44 on Friday. The firm has a market capitalization of $124.09 million, a P/E ratio of 44.53 and a beta of 0.59. The stock has a 50 day moving average price of $0.41 and a 200-day moving average price of $0.39. TRX Gold has a 52-week low of $0.31 and a 52-week high of $0.60.

TRX Gold (NYSE:TRX) last announced its earnings results on Friday, April 12th. The company reported $0.01 EPS for the quarter. The firm had revenue of $7.98 million for the quarter, compared to analysts’ expectations of $9.40 million. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.66%. On average, equities analysts forecast that TRX Gold will post 0.03 EPS for the current fiscal year.

Institutional Trading of TRX Gold

An institutional investor recently raised its position in TRX Gold stock. PFG Investments LLC lifted its holdings 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 and Exchange Commission (SEC). The fund owned 228,588 shares of the company’s stock after purchasing an additional 209,588 shares during the quarter. PFG Investments LLC owned 0.08% of TRX Gold worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 1.06% of the stock is owned by institutional investors.

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.