Stock analysts at StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX – Get Free Report) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.
Separately, HC Wainwright reaffirmed a “buy” rating and set a $1.50 price target (up previously from $1.40) on shares of TRX Gold in a research report on Tuesday, December 3rd.
Check Out Our Latest Analysis on TRX
TRX Gold Stock Up 1.2 %
Hedge Funds Weigh In On TRX Gold
A number of large investors have recently bought and sold shares of the business. HighTower Advisors LLC lifted its holdings in TRX Gold by 9.6% in the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after acquiring an additional 29,416 shares during the last quarter. Financial Sense Advisors Inc. lifted its holdings in TRX Gold by 24.3% in the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock worth $52,000 after acquiring an additional 32,991 shares during the last quarter. Sprott Inc. lifted its holdings in TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after acquiring an additional 121,479 shares during the last quarter. Virtu Financial LLC bought a new position in TRX Gold in the third quarter worth about $52,000. Finally, BNP Paribas Financial Markets bought a new position in TRX Gold in the fourth quarter worth about $120,000. Institutional investors 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.
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