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

StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a research report sent to investors on Monday. The firm issued 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 Trading Down 4.0 %

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

TRX Gold (NYSE:TRX) last released its 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 business had revenue of $10.15 million during the quarter, compared to analyst estimates of $12.50 million. As a group, equities research analysts anticipate that TRX Gold will post 0.01 earnings per share for the current 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 shares of TRX Gold Co. (NYSE:TRX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 1.06% of the company’s stock.

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.