StockNews.com Begins Coverage on TRX Gold (NYSE:TRX)

StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a report published on Friday. The firm issued a hold rating on the stock.

Several other equities research analysts also recently weighed in on the company. Alliance Global Partners increased their price target on TRX Gold from $1.50 to $1.75 and gave the stock a buy rating in a report on Tuesday, April 16th. HC Wainwright increased their price target on TRX Gold from $1.30 to $1.40 and gave the stock a buy rating in a report on Tuesday, April 16th.

TRX Gold Trading Down 1.2 %

TRX stock opened at $0.44 on Friday. The company has a market capitalization of $124.09 million, a P/E ratio of 44.53 and a beta of 0.59. TRX Gold has a twelve month low of $0.31 and a twelve month high of $0.60. The business has a 50 day simple moving average of $0.41 and a 200-day simple moving average of $0.39.

TRX Gold (NYSE:TRX) last posted its quarterly earnings data on Friday, April 12th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $7.98 million during the quarter, compared to the consensus estimate of $9.40 million. TRX Gold had a negative return on equity of 1.66% and a net margin of 0.70%. Research analysts predict that TRX Gold will post 0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TRX Gold stock. PFG Investments LLC grew its position in TRX Gold Co. (NYSE:TRX) by 1,103.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,588 shares of the company’s stock after buying an additional 209,588 shares during the quarter. PFG Investments LLC owned 0.08% of TRX Gold worth $89,000 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.