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

Equities research analysts at StockNews.com started coverage on shares of TRX Gold (NYSE:TRX) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the stock.

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

TRX Gold Trading Down 4.6 %

Shares of TRX stock opened at $0.31 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average is $0.32 and its 200 day moving average is $0.36. TRX Gold has a 1-year low of $0.29 and a 1-year high of $0.49.

Institutional Investors Weigh In On TRX Gold

Several institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC boosted 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 in the last quarter. Financial Sense Advisors Inc. lifted its holdings in shares of TRX Gold by 24.3% during the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock worth $52,000 after purchasing an additional 32,991 shares during the period. Ground Swell Capital LLC lifted its holdings in shares of TRX Gold by 201.9% during the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock worth $29,000 after purchasing an additional 48,705 shares during the period. Sprott Inc. lifted its holdings in shares of TRX Gold by 506.7% during the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after purchasing an additional 121,479 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of TRX Gold during the third quarter worth about $52,000. 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.