StockNews.com Begins Coverage on TRX Gold (NYSE:TRX)

Equities researchers at StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX) in a research note issued to investors on Monday. The firm set 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 research report on Tuesday, December 3rd.

TRX Gold Trading Down 0.3 %

Shares of TRX stock opened at $0.32 on Monday. TRX Gold has a fifty-two week low of $0.29 and a fifty-two week high of $0.49. 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 company has a 50 day moving average price of $0.35 and a 200 day moving average price of $0.38.

Institutional Trading of TRX Gold

A number of large investors have recently made changes to their positions in TRX. Ground Swell Capital LLC raised 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 buying an additional 48,705 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of TRX Gold in the 3rd quarter valued at about $52,000. Finally, HighTower Advisors LLC raised its position in shares of TRX Gold by 9.6% during the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after acquiring an additional 29,416 shares in the last quarter. 1.06% of the stock is currently owned by hedge funds and other institutional investors.

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.