TRX Gold (NYSE:TRX) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of TRX Gold (NYSE:TRX) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the stock.

Separately, HC Wainwright reiterated a “buy” rating and set a $1.50 target price (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 NYSE:TRX opened at $0.32 on Thursday. 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 company has a 50 day moving average of $0.31 and a 200-day moving average of $0.35. TRX Gold has a one year low of $0.29 and a one year high of $0.49.

Institutional Trading of TRX Gold

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in TRX Gold during the third quarter valued at approximately $52,000. Financial Sense Advisors Inc. grew its holdings in shares of TRX Gold by 24.3% in the 4th quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after buying an additional 32,991 shares during the period. Sprott Inc. grew its holdings in shares of TRX Gold by 506.7% in the 4th quarter. Sprott Inc. now owns 145,454 shares of the company’s stock valued at $45,000 after buying an additional 121,479 shares during the period. BNP Paribas Financial Markets acquired a new stake in TRX Gold during the 4th quarter worth $120,000. Finally, Rossby Financial LCC acquired a new stake in TRX Gold during the 4th quarter worth $255,000. 1.06% of the stock is owned by 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.