TRX Gold (NYSE:TRX) Coverage Initiated at started coverage on shares of TRX Gold (NYSE:TRXFree Report) in a research note released on Sunday morning. The brokerage issued a hold rating on the stock.

Other equities research analysts have also issued reports about the stock. HC Wainwright boosted their target price on shares of TRX Gold from $1.30 to $1.40 and gave the stock a buy rating in a research report on Tuesday, April 16th. Alliance Global Partners boosted their target price on TRX Gold from $1.50 to $1.75 and gave the stock a buy rating in a report on Tuesday, April 16th.

View Our Latest Stock Report on TRX

TRX Gold Price Performance

Shares of TRX stock opened at $0.45 on Friday. The company has a 50-day moving average of $0.44 and a two-hundred day moving average of $0.39. TRX Gold has a 1-year low of $0.31 and a 1-year high of $0.49. The firm has a market cap of $126.13 million, a PE ratio of 45.27 and a beta of 0.59.

TRX Gold (NYSE:TRXGet Free Report) last released its quarterly earnings data on Friday, April 12th. The company reported $0.01 earnings per share for the quarter. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.66%. The company had revenue of $7.98 million for the quarter, compared to analysts’ expectations of $9.40 million. Sell-side analysts anticipate that TRX Gold will post 0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TRX Gold stock. Integrity Wealth Solutions LLC acquired a new stake in shares of TRX Gold Co. (NYSE:TRXFree Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned 0.10% of TRX Gold 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

(Get Free Report)

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.

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