TRX Gold (NYSE:TRX) Research Coverage Started at StockNews.com

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

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

TRX Gold Trading Down 2.5 %

NYSE TRX opened at $0.40 on Wednesday. The stock has a 50-day simple moving average of $0.40 and a two-hundred day simple moving average of $0.42. TRX Gold has a fifty-two week low of $0.31 and a fifty-two week high of $0.49.

TRX Gold (NYSE:TRX) last announced its quarterly earnings results 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 company had revenue of $10.15 million for the quarter, compared to analysts’ expectations of $12.50 million. On average, research analysts anticipate that TRX Gold will post 0.01 earnings per share for the current year.

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 shares of TRX Gold Co. (NYSE:TRX) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 reporting period. Institutional investors and hedge funds 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.