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

Investment analysts at StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX) in a report released on Tuesday. The firm set a “hold” rating on the stock.

Separately, HC Wainwright reiterated a “buy” rating and set a $1.50 price objective (up from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.

TRX Gold Stock Down 4.1 %

Shares of NYSE:TRX opened at $0.30 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03. TRX Gold has a 52-week low of $0.29 and a 52-week high of $0.49. The company has a 50-day simple moving average of $0.32 and a 200 day simple moving average of $0.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in TRX Gold during the 3rd quarter worth about $52,000. Sprott Inc. boosted its holdings in TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock valued at $45,000 after acquiring an additional 121,479 shares during the last quarter. Financial Sense Advisors Inc. increased its position in TRX Gold by 24.3% during the 4th quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after purchasing an additional 32,991 shares during the period. HighTower Advisors LLC increased its position 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 purchasing an additional 29,416 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in TRX Gold during the 4th quarter worth approximately $120,000. 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.