TRX Gold (NYSE:TRX) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a research note issued on Tuesday. The brokerage set a “hold” rating on the stock.

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

TRX Gold Price Performance

TRX Gold stock opened at $0.30 on Tuesday. TRX Gold has a 12 month low of $0.29 and a 12 month high of $0.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51. The business’s fifty day simple moving average is $0.32 and its two-hundred day simple moving average is $0.35.

Institutional Trading of TRX Gold

A number of institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC increased its holdings in TRX Gold by 9.6% in the 3rd 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 purchased a new stake in shares of TRX Gold during the 3rd quarter valued at about $52,000. Financial Sense Advisors Inc. boosted its holdings in shares of TRX Gold by 24.3% during the 4th quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after acquiring an additional 32,991 shares during the last quarter. Sprott Inc. grew its stake in shares of TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after acquiring an additional 121,479 shares during the period. Finally, Rossby Financial LCC purchased a new position in shares of TRX Gold during the fourth quarter valued at approximately $255,000. Institutional investors own 1.06% of the company’s stock.

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.