TRX Gold (NYSE:TRX) Now Covered by Analysts at StockNews.com

StockNews.com assumed 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.

A number of other research firms also recently weighed in on TRX. HC Wainwright raised their target price on shares of TRX Gold from $1.30 to $1.40 and gave the company a buy rating in a research report on Tuesday, April 16th. Alliance Global Partners raised their price objective on TRX Gold from $1.50 to $1.75 and gave the company a buy rating in a report on Tuesday, April 16th.

TRX Gold Price Performance

Shares of TRX Gold stock opened at $0.46 on Thursday. The firm has a market cap of $128.25 million, a price-to-earnings ratio of 46.03 and a beta of 0.65. TRX Gold has a one year low of $0.31 and a one year high of $0.60. The stock’s 50-day moving average is $0.40 and its 200-day moving average is $0.39.

TRX Gold (NYSE:TRX) last released its quarterly earnings results on Friday, April 12th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $7.98 million during the quarter, compared to the consensus estimate of $9.40 million. TRX Gold had a negative return on equity of 1.66% and a net margin of 0.70%. On average, equities analysts expect that TRX Gold will post 0.03 EPS for the current year.

Hedge Funds Weigh In On TRX Gold

A hedge fund recently raised its stake in TRX Gold stock. PFG Investments LLC raised its position in TRX Gold Co. (NYSE:TRX) by 1,103.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 228,588 shares of the company’s stock after acquiring an additional 209,588 shares during the quarter. PFG Investments LLC owned approximately 0.08% of TRX Gold worth $89,000 at the end of the most recent reporting period. Institutional investors own 1.06% of the company’s stock.

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.