TRX Gold (NYSE:TRX) Issues Earnings Results

TRX Gold (NYSE:TRX) issued its earnings results on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, Yahoo Finance reports. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.68%. The company had revenue of $7.98 million during the quarter, compared to analysts’ expectations of $9.40 million.

TRX Gold Price Performance

Shares of TRX opened at $0.42 on Monday. The firm has a 50 day simple moving average of $0.37 and a 200-day simple moving average of $0.38. TRX Gold has a 1-year low of $0.31 and a 1-year high of $0.60. The stock has a market cap of $116.03 million, a price-to-earnings ratio of 41.60 and a beta of 0.65.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its stake in shares of TRX Gold by 51.9% during the 2nd quarter. Renaissance Technologies LLC now owns 995,158 shares of the company’s stock worth $441,000 after purchasing an additional 339,930 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of TRX Gold by 12.8% during the 4th quarter. HighTower Advisors LLC now owns 297,190 shares of the company’s stock worth $99,000 after purchasing an additional 33,690 shares in the last quarter. Millennium Management LLC increased its stake in shares of TRX Gold by 493.1% during the 4th quarter. Millennium Management LLC now owns 254,416 shares of the company’s stock worth $86,000 after purchasing an additional 211,523 shares in the last quarter. Morgan Stanley increased its stake in shares of TRX Gold by 19.7% during the 4th quarter. Morgan Stanley now owns 179,454 shares of the company’s stock worth $61,000 after purchasing an additional 29,575 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of TRX Gold during the 1st quarter worth approximately $45,000. 1.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of TRX Gold in a report on Tuesday, April 9th. They issued a “hold” rating for the company.

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.