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

StockNews.com started coverage on shares of TRX Gold (NYSE:TRX) in a research report report published on Monday. The brokerage issued a hold rating on the stock.

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

TRX Gold Stock Performance

Shares of TRX stock opened at $0.37 on Monday. The firm’s 50 day moving average price is $0.39 and its 200-day moving average price is $0.41. TRX Gold has a one year low of $0.31 and a one year high of $0.49.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TRX Gold stock. Ground Swell Capital LLC increased its stake in shares of TRX Gold Co. (NYSE:TRX) by 201.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,823 shares of the company’s stock after purchasing an additional 48,705 shares during the quarter. Ground Swell Capital LLC’s holdings in TRX Gold were worth $29,000 at the end of the most recent quarter. 1.06% of the stock is currently owned by institutional investors and hedge funds.

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.