TRX Gold (NYSE:TRX) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a research report issued on Monday. The brokerage set a “hold” rating on the stock.

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

TRX Gold Trading Up 1.5 %

TRX stock opened at $0.32 on Monday. TRX Gold has a one year low of $0.29 and a one 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 company has a fifty day moving average of $0.35 and a 200-day moving average of $0.38.

Institutional Investors Weigh In On TRX Gold

Institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of TRX Gold in the 3rd quarter valued at about $52,000. HighTower Advisors LLC grew its position 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. Finally, Ground Swell Capital LLC increased its holdings 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 buying an additional 48,705 shares in the last quarter. 1.06% of the stock is currently owned by hedge funds and other institutional investors.

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.