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

StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a research report report published on Thursday. The firm issued a hold rating on the stock.

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

TRX Gold Stock Performance

Shares of NYSE TRX opened at $0.32 on Thursday. TRX Gold has a 12-month low of $0.29 and a 12-month high of $0.49. The stock’s fifty day simple moving average is $0.31 and its two-hundred day simple moving average is $0.35. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 0.03.

Institutional Trading of TRX Gold

Institutional investors have recently made changes to their positions in the business. Rossby Financial LCC purchased a new position in shares of TRX Gold in the 4th quarter valued at approximately $255,000. BNP Paribas Financial Markets purchased a new position in shares of TRX Gold in the fourth quarter worth $120,000. Virtu Financial LLC acquired a new stake in shares of TRX Gold during the third quarter worth $52,000. Sprott Inc. grew its holdings in shares of TRX Gold by 506.7% during the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock valued at $45,000 after buying an additional 121,479 shares during the last quarter. Finally, Financial Sense Advisors Inc. increased its position in shares of TRX Gold by 24.3% in the 4th quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after acquiring an additional 32,991 shares during the period. Institutional investors and hedge funds own 1.06% of the company’s stock.

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.