FY2024 EPS Estimates for TRX Gold Co. Increased by Roth Capital (NYSE:TRX)

TRX Gold Co. (NYSE:TRX) – Equities researchers at Roth Capital boosted their FY2024 earnings estimates for shares of TRX Gold in a report issued on Wednesday, April 17th. Roth Capital analyst M. Niehuser now forecasts that the company will earn $0.03 per share for the year, up from their prior forecast of $0.02. The consensus estimate for TRX Gold’s current full-year earnings is $0.03 per share.

TRX Gold (NYSE:TRX) last released its earnings results on Friday, April 12th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $7.98 million for the quarter, compared to analyst estimates of $9.40 million. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.66%.

A number of other research firms have also issued reports on TRX. Alliance Global Partners increased their target price on shares of TRX Gold from $1.50 to $1.75 and gave the stock a “buy” rating in a report on Tuesday. HC Wainwright increased their price objective on shares of TRX Gold from $1.30 to $1.40 and gave the company a “buy” rating in a research report on Tuesday. Finally, StockNews.com began coverage on shares of TRX Gold in a research report on Wednesday. They issued a “hold” rating on the stock.

TRX Gold Stock Up 2.2 %

TRX Gold stock opened at $0.47 on Friday. The firm has a market cap of $131.09 million, a PE ratio of 47.00 and a beta of 0.65. TRX Gold has a 52-week low of $0.31 and a 52-week high of $0.60. The company’s 50 day moving average is $0.39 and its two-hundred day moving average is $0.38.

Institutional Investors Weigh In On TRX Gold

Large investors have recently modified their holdings of the company. Bedel Financial Consulting Inc. purchased a new position in shares of TRX Gold in the 2nd quarter valued at $44,000. Virtu Financial LLC grew its position in shares of TRX Gold by 211.1% in the 4th quarter. Virtu Financial LLC now owns 109,558 shares of the company’s stock valued at $37,000 after buying an additional 74,338 shares during the last quarter. Morgan Stanley grew its position in shares of TRX Gold by 19.7% in the 4th quarter. Morgan Stanley now owns 179,454 shares of the company’s stock valued at $61,000 after buying an additional 29,575 shares during the last quarter. Millennium Management LLC grew its position in shares of TRX Gold by 493.1% in the 4th quarter. Millennium Management LLC now owns 254,416 shares of the company’s stock valued at $86,000 after buying an additional 211,523 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of TRX Gold by 770.5% in the 3rd quarter. Renaissance Technologies LLC now owns 289,893 shares of the company’s stock valued at $113,000 after buying an additional 256,593 shares during the last quarter. 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.