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

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

TRX has been the topic of several other reports. HC Wainwright reissued a “buy” rating and set a $1.40 price target on shares of TRX Gold in a research note on Tuesday, July 16th. Alliance Global Partners increased their price objective on shares of TRX Gold from $1.50 to $1.75 and gave the company a “buy” rating in a report on Tuesday, April 16th.

TRX Gold Price Performance

TRX opened at $0.42 on Monday. TRX Gold has a one year low of $0.31 and a one year high of $0.49. The company’s 50 day simple moving average is $0.43 and its 200-day simple moving average is $0.40.

TRX Gold (NYSE:TRX) last released its quarterly earnings results on Friday, July 12th. The company reported ($0.01) EPS 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 the consensus estimate of $12.50 million. On average, equities analysts anticipate that TRX Gold will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On TRX Gold

An institutional investor recently bought a new position in TRX Gold stock. Integrity Wealth Solutions LLC bought a new position in TRX Gold Co. (NYSE:TRX) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned 0.10% of TRX Gold as of its most recent filing with the Securities & Exchange Commission. 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.