Hillsdale Investment Management Inc. Purchases New Shares in TRX Gold Co. $TRX

Hillsdale Investment Management Inc. acquired a new position in TRX Gold Co. (NYSEAMERICAN:TRX) in the third quarter, HoldingsChannel.com reports. The fund acquired 744,581 shares of the company’s stock, valued at approximately $471,000.

Several other hedge funds have also modified their holdings of the company. Virginia Wealth Management Group Inc. purchased a new position in shares of TRX Gold in the 3rd quarter valued at about $62,000. Jane Street Group LLC grew its holdings in 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. PFG Private Wealth Management LLC purchased a new stake in shares of TRX Gold in the third quarter valued at approximately $182,000. Strategic Planning Inc. acquired a new position in shares of TRX Gold during the 3rd quarter worth approximately $205,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of TRX Gold during the 2nd quarter valued at approximately $136,000. 1.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

TRX Gold Stock Up 3.3%

NYSEAMERICAN TRX opened at $1.89 on Wednesday. The business has a fifty day moving average price of $1.28 and a 200 day moving average price of $0.84. 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 company has a market cap of $595.95 million, a P/E ratio of -189.00 and a beta of 0.33. TRX Gold Co. has a one year low of $0.27 and a one year high of $2.80.

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

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. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022.