HC Wainwright Issues Negative Forecast for TRX Gold Earnings

TRX Gold Co. (NYSE:TRX - Free Report) - Analysts at HC Wainwright dropped their FY2025 earnings per share (EPS) estimates for shares of TRX Gold in a research note issued to investors on Wednesday, July 16th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of $0.00 for the year, down from their prior forecast of $0.02. HC Wainwright has a "Buy" rating and a $1.10 price target on the stock. The consensus estimate for TRX Gold's current full-year earnings is $0.04 per share. HC Wainwright also issued estimates for TRX Gold's FY2026 earnings at $0.04 EPS.

Separately, Wall Street Zen assumed coverage on TRX Gold in a report on Thursday, May 22nd. They set a "hold" rating for the company.

TRX Gold Trading Down 2.2%

TRX Gold stock traded down $0.01 during midday trading on Thursday, reaching $0.34. 552,979 shares of the stock traded hands, compared to its average volume of 473,213. The company has a 50-day simple moving average of $0.33 and a two-hundred day simple moving average of $0.32. TRX Gold has a 12-month low of $0.27 and a 12-month high of $0.43. The firm has a market cap of $95.42 million, a PE ratio of -34.20 and a beta of 0.24. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On TRX Gold

A number of hedge funds have recently bought and sold shares of TRX. Rossby Financial LCC acquired a new stake in TRX Gold in the 4th quarter valued at about $255,000. BNP Paribas Financial Markets acquired a new stake in TRX Gold in the 4th quarter valued at about $120,000. Finally, Financial Sense Advisors Inc. raised its position in TRX Gold by 41.5% in the 1st quarter. Financial Sense Advisors Inc. now owns 238,483 shares of the company's stock valued at $74,000 after purchasing an additional 70,000 shares in the last quarter. Institutional investors and hedge funds own 1.06% of the company's stock.

About TRX Gold

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.