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

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

A number of other brokerages also recently issued reports on TRX. HC Wainwright raised their target price on TRX Gold from $1.30 to $1.40 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Alliance Global Partners raised their target price on TRX Gold from $1.50 to $1.75 and gave the stock a “buy” rating in a research note on Tuesday, April 16th.

TRX Gold Price Performance

Shares of NYSE:TRX opened at $0.41 on Thursday. TRX Gold has a 1 year low of $0.31 and a 1 year high of $0.49. The firm has a market capitalization of $115.72 million, a price-to-earnings ratio of 41.53 and a beta of 0.52. The business’s 50 day moving average price is $0.45 and its 200-day moving average price is $0.40.

TRX Gold (NYSE:TRX) last announced its quarterly earnings data on Friday, April 12th. The company reported $0.01 earnings per share for the quarter. TRX Gold had a negative return on equity of 1.66% and a net margin of 0.70%. The company had revenue of $7.98 million for the quarter, compared to analyst estimates of $9.40 million. On average, sell-side analysts expect that TRX Gold will post 0.03 earnings per share for the current year.

Institutional Trading of 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 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing. 1.06% of the stock is currently owned by hedge funds and other institutional investors.

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.