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

Investment analysts at StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX) in a report released on Saturday. The brokerage set a “hold” rating on the stock.

Separately, HC Wainwright restated a “buy” rating and issued a $1.40 target price on shares of TRX Gold in a research note on Tuesday, July 16th.

TRX Gold Stock Performance

NYSE TRX opened at $0.39 on Friday. The stock’s 50 day moving average price is $0.40 and its two-hundred day moving average price is $0.41. TRX Gold has a 52 week low of $0.31 and a 52 week high of $0.49.

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). The firm had revenue of $10.15 million during the quarter, compared to the consensus estimate of $12.50 million. TRX Gold had a negative net margin of 3.06% and a negative return on equity of 3.84%. 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 stake in TRX Gold stock. Integrity Wealth Solutions LLC bought a new position in shares of TRX Gold Co. (NYSE:TRX) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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 quarter. 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.