TRX Gold (NYSE:TRX) Now Covered by StockNews.com

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

Separately, HC Wainwright reissued a “buy” rating and set a $1.40 target price on shares of TRX Gold in a research report on Tuesday, July 16th.

TRX Gold Stock Up 4.0 %

TRX opened at $0.41 on Friday. The company has a 50-day simple moving average of $0.39 and a 200 day simple moving average of $0.42. TRX Gold has a twelve month low of $0.31 and a twelve month high of $0.49.

Institutional Trading of TRX Gold

A hedge fund recently bought a new stake in TRX Gold stock. Integrity Wealth Solutions LLC acquired a new position in TRX Gold Co. (NYSE:TRX) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned approximately 0.10% of TRX Gold at the end of the most recent quarter. 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.