StockNews.com Begins Coverage on TRX Gold (NYSE:TRX)

Stock analysts at StockNews.com started coverage on shares of TRX Gold (NYSE:TRX) in a research note issued on Friday. The firm set a “hold” rating on the stock.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $1.50 price target (up previously from $1.40) on shares of TRX Gold in a report on Tuesday, December 3rd.

TRX Gold Stock Performance

Shares of TRX stock opened at $0.34 on Friday. TRX Gold has a 1 year low of $0.31 and a 1 year high of $0.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.84. The business has a fifty day moving average of $0.37 and a 200 day moving average of $0.40.

Institutional Trading of TRX Gold

Several institutional investors have recently made changes to their positions in the company. Ground Swell Capital LLC raised its position in TRX Gold by 201.9% in the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after purchasing an additional 48,705 shares during the period. Virtu Financial LLC acquired a new position in TRX Gold in the third quarter valued at about $52,000. Finally, HighTower Advisors LLC boosted its stake in TRX Gold by 9.6% during the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after buying an additional 29,416 shares during the period. Hedge funds and other institutional investors own 1.06% of the company’s stock.

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.