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

StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX) in a research report released on Friday morning. The brokerage issued a hold rating on the stock.

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

TRX Gold Price Performance

Shares of NYSE:TRX opened at $0.34 on Friday. The business’s fifty day moving average price is $0.37 and its two-hundred day moving average price is $0.40. TRX Gold has a fifty-two week low of $0.31 and a fifty-two week high of $0.49. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On TRX Gold

Several hedge funds and other institutional investors have recently made changes to their positions in TRX. Ground Swell Capital LLC lifted its stake in shares of 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. Virtu Financial LLC acquired a new position in shares of TRX Gold during the 3rd quarter worth about $52,000. Finally, HighTower Advisors LLC increased its stake in shares of TRX Gold by 9.6% in the 3rd 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. 1.06% of the stock is owned by institutional investors and hedge funds.

TRX Gold Company Profile

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.