Stock Traders Buy Large Volume of Call Options on TRX Gold (NYSEAMERICAN:TRX)

TRX Gold Co. (NYSEAMERICAN:TRX) saw unusually large options trading on Monday. Stock traders bought 23,608 call options on the stock. This represents an increase of 5,352% compared to the average volume of 433 call options.

Wall Street Analysts Forecast Growth

TRX has been the topic of a number of recent research reports. HC Wainwright increased their price target on TRX Gold from $1.40 to $1.50 and gave the stock a “buy” rating in a research report on Friday, January 16th. Roth Mkm reissued a “buy” rating and set a $1.25 price objective on shares of TRX Gold in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $1.38.

TRX Gold Stock Up 22.2%

NYSEAMERICAN:TRX traded up $0.25 during midday trading on Monday, hitting $1.39. 16,643,072 shares of the company were exchanged, compared to its average volume of 3,497,074. The company has a current ratio of 1.09, a quick ratio of 0.56 and a debt-to-equity ratio of 0.04. TRX Gold has a fifty-two week low of $0.27 and a fifty-two week high of $1.47. The company has a market capitalization of $401.41 million, a PE ratio of -142.50 and a beta of 0.29. The company has a fifty day simple moving average of $0.86 and a 200 day simple moving average of $0.63.

TRX Gold (NYSEAMERICAN:TRX) last posted its earnings results on Thursday, January 15th. The company reported ($0.01) EPS for the quarter. TRX Gold had a positive return on equity of 10.43% and a negative net margin of 6.36%. As a group, equities analysts anticipate that TRX Gold will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TRX Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its stake in shares of TRX Gold by 6.2% in the third quarter. BNP Paribas Financial Markets now owns 482,536 shares of the company’s stock valued at $301,000 after buying an additional 27,966 shares in the last quarter. MAI Capital Management acquired a new position in shares of TRX Gold during the 3rd quarter worth $30,000. Jane Street Group LLC lifted its stake in shares of TRX Gold by 157.7% in the second quarter. Jane Street Group LLC now owns 108,573 shares of the company’s stock valued at $36,000 after purchasing an additional 66,437 shares during the period. Virginia Wealth Management Group Inc. purchased a new stake in TRX Gold during the third quarter worth about $62,000. Finally, Citadel Advisors LLC grew its position in TRX Gold by 50.4% during the third quarter. Citadel Advisors LLC now owns 442,851 shares of the company’s stock worth $276,000 after buying an additional 148,330 shares during the period. 1.06% of the stock is 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. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022.