TRX Gold’s (TRX) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of TRX Gold (NYSE:TRX) in a research report sent to investors on Tuesday,Benzinga reports. They currently have a $1.50 price target on the stock, up from their prior price target of $1.40.

Separately, StockNews.com began coverage on shares of TRX Gold in a research note on Wednesday, November 27th. They set a “hold” rating for the company.

TRX Gold Stock Performance

TRX opened at $0.35 on Tuesday. The stock’s fifty day simple moving average is $0.38 and its 200 day simple moving average is $0.40. TRX Gold has a 1-year low of $0.31 and a 1-year high of $0.49.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRX. HighTower Advisors LLC lifted its holdings in shares of 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 in the last quarter. Virtu Financial LLC acquired a new stake in TRX Gold in the 3rd quarter worth about $52,000. Finally, Ground Swell Capital LLC boosted 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 during the period. 1.06% of the stock is 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.