TRX Gold (NYSE:TRX) Now Covered by

Equities researchers at initiated coverage on shares of TRX Gold (NYSE:TRXGet Rating) in a note issued to investors on Wednesday. The firm set a “sell” rating on the stock.

Separately, HC Wainwright increased their price objective on shares of TRX Gold from $1.00 to $1.10 and gave the company a “buy” rating in a research report on Friday, December 2nd.

TRX Gold Trading Down 3.8 %

TRX opened at $0.40 on Wednesday. The stock’s 50-day moving average price is $0.41 and its 200 day moving average price is $0.41. TRX Gold has a 12-month low of $0.26 and a 12-month high of $0.55. The firm has a market cap of $110.45 million, a price-to-earnings ratio of -39.99 and a beta of 0.78.

TRX Gold (NYSE:TRXGet Rating) last posted its earnings results on Tuesday, November 29th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $6.03 million for the quarter, compared to analysts’ expectations of $6.00 million. TRX Gold had a negative return on equity of 7.70% and a negative net margin of 2.75%. On average, research analysts forecast that TRX Gold will post 0.03 earnings per share for the current year.

About TRX Gold

(Get Rating)

TRX Gold Corp. along with its joint venture partner, State Mining Corporation of Tanzania (STAMICO), is building a gold project at Buckreef in Tanzania. The company’s Buckreef Project is located in the Geita District of the Geita Region south of Lake Victoria, approximately 110 kilometers southwest of the city of Mwanza, Tanzania.

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