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

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

Separately, HC Wainwright reiterated a “buy” rating and issued a $1.40 price objective on shares of TRX Gold in a report on Tuesday, July 16th.

TRX Gold Stock Performance

Shares of TRX opened at $0.41 on Friday. TRX Gold has a one year low of $0.31 and a one year high of $0.49. The firm has a 50 day simple moving average of $0.39 and a two-hundred day simple moving average of $0.42.

Institutional Trading of TRX Gold

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