Roth Capital Research Analysts Lift Earnings Estimates for TRX Gold Co. (NYSE:TRX)

TRX Gold Co. (NYSE:TRX - Free Report) - Equities researchers at Roth Capital lifted their FY2025 earnings per share estimates for shares of TRX Gold in a report issued on Wednesday, April 17th. Roth Capital analyst M. Niehuser now expects that the company will earn $0.08 per share for the year, up from their prior estimate of $0.07. The consensus estimate for TRX Gold's current full-year earnings is $0.03 per share.

Several other research analysts also recently commented on the company. HC Wainwright raised their price objective on TRX Gold from $1.30 to $1.40 and gave the stock a "buy" rating in a report on Tuesday. Alliance Global Partners raised their price objective on TRX Gold from $1.50 to $1.75 and gave the stock a "buy" rating in a research report on Tuesday. Finally, StockNews.com began coverage on TRX Gold in a research note on Wednesday. They issued a "hold" rating for the company.

TRX Gold Price Performance

Shares of NYSE TRX traded up $0.01 during mid-day trading on Thursday, reaching $0.46. The company's stock had a trading volume of 405,181 shares, compared to its average volume of 349,012. The stock has a fifty day moving average of $0.38 and a two-hundred day moving average of $0.38. TRX Gold has a 52 week low of $0.31 and a 52 week high of $0.60. The firm has a market capitalization of $128.61 million, a PE ratio of 46.05 and a beta of 0.65.

TRX Gold (NYSE:TRX - Get Free Report) last released its 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 analysts' expectations of $9.40 million.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Bedel Financial Consulting Inc. purchased a new stake in shares of TRX Gold during the second quarter worth $44,000. Virtu Financial LLC increased its holdings 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 acquiring an additional 74,338 shares during the period. Morgan Stanley raised its position in 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 purchasing an additional 29,575 shares during the last quarter. Millennium Management LLC boosted its stake in 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 during the period. Finally, Renaissance Technologies LLC grew its position in TRX Gold by 770.5% during the 3rd quarter. Renaissance Technologies LLC now owns 289,893 shares of the company's stock worth $113,000 after purchasing an additional 256,593 shares during the last quarter. 1.06% of the stock is currently owned by institutional investors and hedge funds.

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.