TRX Gold (NYSE:TRX) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

Several other analysts also recently weighed in on TRX. Alliance Global Partners boosted their target price on TRX Gold from $1.50 to $1.75 and gave the company a “buy” rating in a report on Tuesday, April 16th. HC Wainwright reiterated a “buy” rating and issued a $1.40 price objective on shares of TRX Gold in a research note on Tuesday, July 16th.

TRX Gold Stock Up 3.3 %

Shares of TRX opened at $0.42 on Tuesday. TRX Gold has a 52-week low of $0.31 and a 52-week high of $0.49. The stock has a 50 day moving average price of $0.42 and a 200 day moving average price of $0.40.

TRX Gold (NYSE:TRX) last issued its earnings results on Friday, July 12th. The company reported ($0.01) earnings per share (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 during the quarter, compared to analyst estimates of $12.50 million. Research analysts anticipate that TRX Gold will post 0.01 EPS for the current year.

Hedge Funds Weigh In On TRX Gold

An institutional investor recently bought a new position in TRX Gold stock. Integrity Wealth Solutions LLC bought a new stake in TRX Gold Co. (NYSE:TRX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned 0.10% of TRX Gold at the end of the most recent quarter. Hedge funds and other 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.