StockNews.com Begins Coverage on TRX Gold (NYSE:TRX)

Equities research analysts at StockNews.com started coverage on shares of TRX Gold (NYSE:TRX) in a research report issued on Saturday. The firm set a “hold” rating on the stock.

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

TRX Gold Stock Performance

TRX Gold stock opened at $0.39 on Friday. TRX Gold has a 1 year low of $0.31 and a 1 year high of $0.49. The business has a 50-day moving average of $0.40 and a 200-day moving average of $0.41.

TRX Gold (NYSE:TRX) last released its quarterly earnings data on Friday, July 12th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). TRX Gold had a negative net margin of 3.06% and a negative return on equity of 3.84%. The business had revenue of $10.15 million for the quarter, compared to the consensus estimate of $12.50 million. On average, analysts anticipate that TRX Gold will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On 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) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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. 1.06% of the stock is currently owned by institutional investors.

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.