TRX Gold (NYSEAMERICAN:TRX) Shares Gap Down – Should You Sell?

Shares of TRX Gold Co. (NYSEAMERICAN:TRX) gapped down prior to trading on Tuesday . The stock had previously closed at $1.73, but opened at $1.61. TRX Gold shares last traded at $1.6650, with a volume of 2,287,198 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRX. Roth Mkm set a $2.25 price objective on shares of TRX Gold and gave the company a “buy” rating in a report on Monday, February 9th. HC Wainwright boosted their price objective on shares of TRX Gold from $1.40 to $1.50 and gave the stock a “buy” rating in a research report on Friday, January 16th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, TRX Gold currently has an average rating of “Buy” and a consensus target price of $1.88.

TRX Gold Trading Down 5.2%

The company has a market capitalization of $517.12 million, a P/E ratio of -164.00 and a beta of 0.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.56 and a current ratio of 1.09. The stock has a fifty day moving average of $1.17 and a 200 day moving average of $0.78.

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

Institutional Trading of TRX Gold

A number of large investors have recently added to or reduced their stakes in TRX. MAI Capital Management bought a new position in shares of TRX Gold during the 3rd quarter valued at approximately $30,000. Jane Street Group LLC raised its stake in TRX Gold by 157.7% during 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 in the last quarter. Virginia Wealth Management Group Inc. bought a new position in TRX Gold during the third quarter valued at $62,000. Sprott Inc. grew its stake in shares of TRX Gold by 34.9% in the 4th quarter. Sprott Inc. now owns 95,721 shares of the company’s stock worth $88,000 after buying an additional 24,746 shares in the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in shares of TRX Gold in the 2nd quarter worth about $136,000. 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. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022.