TRX Gold (NYSE:TRX) Now Covered by StockNews.com

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

Separately, HC Wainwright reiterated a “buy” rating and set a $1.40 target price on shares of TRX Gold in a research note on Tuesday, July 16th.

TRX Gold Stock Performance

Shares of TRX stock opened at $0.40 on Friday. TRX Gold has a 12 month low of $0.31 and a 12 month high of $0.49. The stock has a 50 day moving average of $0.39 and a 200-day moving average of $0.42.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TRX Gold stock. Integrity Wealth Solutions LLC acquired a new position in shares of TRX Gold Co. (NYSE:TRX) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned 0.10% of TRX Gold as of its most recent filing with the Securities and Exchange Commission. 1.06% of the stock is currently owned by 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.