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

StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the stock.

Separately, HC Wainwright reissued a “buy” rating and issued a $1.40 price objective on shares of TRX Gold in a report on Tuesday, July 16th.

TRX Gold Price Performance

Shares of TRX opened at $0.42 on Friday. TRX Gold has a 12 month low of $0.31 and a 12 month high of $0.49. The stock’s 50 day moving average is $0.40 and its two-hundred day moving average is $0.42.

Institutional Trading of TRX Gold

An institutional investor recently bought a new position in TRX Gold stock. Integrity Wealth Solutions LLC purchased a new position in TRX Gold Co. (NYSE:TRX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned about 0.10% of TRX Gold at the end of the most recent reporting period. 1.06% of the stock is currently owned by institutional investors.

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.