TRX Gold (NYSE:TRX) Coverage Initiated by Analysts at StockNews.com

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

Separately, HC Wainwright reissued a “buy” rating and issued a $1.50 target price (up from $1.40) on shares of TRX Gold in a research report on Tuesday, December 3rd.

TRX Gold Stock Performance

NYSE TRX opened at $0.32 on Monday. The company has a fifty day moving average of $0.35 and a two-hundred day moving average of $0.38. TRX Gold has a 1 year low of $0.29 and a 1 year high of $0.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.84.

Institutional Trading of TRX Gold

Large investors have recently bought and sold shares of the business. Ground Swell Capital LLC raised its holdings in shares of TRX Gold by 201.9% in the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after buying an additional 48,705 shares during the last quarter. Virtu Financial LLC acquired a new position in TRX Gold in the 3rd quarter valued at about $52,000. Finally, HighTower Advisors LLC raised its stake in TRX Gold by 9.6% during the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock valued at $130,000 after acquiring an additional 29,416 shares during the last quarter. Institutional investors and hedge funds 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.