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

Equities research analysts at StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX) in a research report issued on Friday. The brokerage 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 report on Tuesday, December 3rd.

TRX Gold Price Performance

TRX Gold stock opened at $0.34 on Friday. TRX Gold has a 52-week low of $0.31 and a 52-week 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. The business has a 50-day simple moving average of $0.38 and a two-hundred day simple moving average of $0.40.

Institutional Investors Weigh In On TRX Gold

A number of large investors have recently made changes to their positions in the stock. HighTower Advisors LLC lifted 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 period. Ground Swell Capital LLC lifted its position in TRX Gold by 201.9% during the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after purchasing an additional 48,705 shares during the period. Finally, Virtu Financial LLC purchased a new stake in TRX Gold in the third quarter valued at $52,000. 1.06% of the stock is owned by hedge funds and other institutional investors.

TRX Gold Company Profile

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.