StockNews.com started coverage on shares of TRX Gold (NYSE:TRX – Free Report) in a report published on Saturday morning. The firm issued a hold rating on the stock.
A number of other equities analysts also recently issued reports on TRX. Alliance Global Partners increased their price target on TRX Gold from $1.50 to $1.75 and gave the stock a buy rating in a research report on Tuesday, April 16th. HC Wainwright increased their target price on shares of TRX Gold from $1.30 to $1.40 and gave the stock a buy rating in a report on Tuesday, April 16th.
View Our Latest Stock Analysis on TRX
TRX Gold Price Performance
TRX Gold (NYSE:TRX – Get Free Report) last issued its earnings results on Friday, April 12th. The company reported $0.01 EPS for the quarter. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.66%. The business had revenue of $7.98 million for the quarter, compared to analyst estimates of $9.40 million. On average, equities analysts anticipate that TRX Gold will post 0.03 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 acquired a new position in TRX Gold Co. (NYSE:TRX – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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.
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.
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