TRX Gold (NYSE:TRX) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the stock.

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

TRX Gold Price Performance

TRX stock opened at $0.32 on Tuesday. 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 firm has a 50 day simple moving average of $0.34 and a 200 day simple moving average of $0.38. TRX Gold has a 52 week low of $0.29 and a 52 week high of $0.49.

Institutional Trading of TRX Gold

Institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC lifted its stake in TRX Gold by 9.6% in the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock valued at $130,000 after acquiring an additional 29,416 shares during the last quarter. Virtu Financial LLC acquired a new stake in TRX Gold in the third quarter valued at approximately $52,000. Finally, Ground Swell Capital LLC lifted its stake 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 acquiring an additional 48,705 shares during the last 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.