Investment analysts at StockNews.com started coverage on shares of TRX Gold (NYSE:TRX – Get Free Report) in a research note issued on Sunday. The brokerage set a “hold” rating on the stock.
Separately, HC Wainwright reaffirmed a “buy” rating and issued a $1.40 target price on shares of TRX Gold in a research note on Tuesday, July 16th.
View Our Latest Stock Analysis on TRX
TRX Gold Stock Performance
TRX Gold (NYSE:TRX – Get Free Report) last issued its earnings results on Friday, July 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The company had revenue of $10.15 million for the quarter, compared to the consensus estimate of $12.50 million. TRX Gold had a negative return on equity of 3.84% and a negative net margin of 3.06%. 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 shares of TRX Gold Co. (NYSE:TRX – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. 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 at the end of the most recent quarter. Hedge funds and other 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.
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