TRX Gold (NYSE:TRX) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

A number of other research firms have also recently issued reports on TRX. HC Wainwright boosted their price objective on TRX Gold from $1.30 to $1.40 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Alliance Global Partners boosted their price objective on TRX Gold from $1.50 to $1.75 and gave the company a “buy” rating in a research report on Tuesday, April 16th.

TRX Gold Stock Up 1.8 %

Shares of TRX stock opened at $0.46 on Thursday. TRX Gold has a 12 month low of $0.31 and a 12 month high of $0.60. The firm has a market cap of $128.55 million, a PE ratio of 46.14 and a beta of 0.65. The stock has a 50 day moving average of $0.40 and a 200-day moving average of $0.39.

TRX Gold (NYSE:TRX) last issued its quarterly earnings results on Friday, April 12th. The company reported $0.01 EPS for the quarter. TRX Gold had a negative return on equity of 1.66% and a net margin of 0.70%. The company had revenue of $7.98 million during the quarter, compared to analyst estimates of $9.40 million. As a group, equities analysts predict that TRX Gold will post 0.03 EPS for the current fiscal year.

Institutional Trading of TRX Gold

An institutional investor recently bought a new position in TRX Gold stock. Integrity Wealth Solutions LLC acquired a new stake in shares of TRX Gold Co. (NYSE:TRX) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned 0.10% of TRX Gold at the end of the most recent quarter. 1.06% of the stock is currently 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.