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

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

Separately, HC Wainwright restated 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 Down 2.0 %

Shares of NYSE:TRX opened at $0.32 on Friday. TRX Gold has a 1 year low of $0.29 and a 1 year high of $0.49. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average price is $0.32 and its 200-day moving average price is $0.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ground Swell Capital LLC lifted its holdings in TRX Gold by 201.9% in the 3rd 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 in the last quarter. Sprott Inc. raised its holdings in shares of TRX Gold by 506.7% during the 4th quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after acquiring an additional 121,479 shares during the period. Financial Sense Advisors Inc. raised its holdings in shares of TRX Gold by 24.3% during the 4th quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock worth $52,000 after acquiring an additional 32,991 shares during the period. Virtu Financial LLC purchased a new position in shares of TRX Gold during the 3rd quarter worth $52,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of TRX Gold during the 4th quarter worth $120,000. 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.