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

Stock analysts at StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a research note issued on Sunday. The brokerage set a “hold” rating on the stock.

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

TRX Gold Stock Down 0.5 %

NYSE TRX opened at $0.30 on Friday. The firm’s fifty day moving average price is $0.36 and its 200 day moving average price is $0.39. TRX Gold has a 12 month low of $0.29 and a 12 month high of $0.49. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 0.01.

Institutional Trading of TRX Gold

A number of institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC grew its stake in shares of TRX Gold by 9.6% in the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock valued at $130,000 after buying an additional 29,416 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of TRX Gold in the 3rd quarter worth about $52,000. Finally, Ground Swell Capital LLC raised its stake in TRX Gold by 201.9% during the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after buying an additional 48,705 shares in the last quarter. 1.06% of the stock is currently owned by institutional investors and hedge funds.

About TRX Gold

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.