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

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

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

Other analysts have also recently issued reports about the company. HC Wainwright raised their price target on TRX Gold from $1.30 to $1.40 and gave the company a "buy" rating in a research note on Tuesday. StockNews.com started coverage on TRX Gold in a research report on Wednesday. They set a "hold" rating on the stock. Finally, Alliance Global Partners lifted their target price on TRX Gold from $1.50 to $1.75 and gave the stock a "buy" rating in a research report on Tuesday.

TRX Gold Stock Up 2.2 %

TRX Gold stock traded up $0.01 during midday trading on Friday, reaching $0.47. The company's stock had a trading volume of 435,720 shares, compared to its average volume of 350,151. TRX Gold has a fifty-two week low of $0.31 and a fifty-two week high of $0.60. The company has a market cap of $131.09 million, a P/E ratio of 47.00 and a beta of 0.65. The business has a 50-day simple moving average of $0.39 and a 200-day simple moving average of $0.38.

Institutional Trading of TRX Gold

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bedel Financial Consulting Inc. acquired a new stake in shares of TRX Gold during the second quarter worth about $44,000. Virtu Financial LLC increased its position in 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 increased 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 acquiring an additional 29,575 shares during the period. Millennium Management LLC increased its position in 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 acquiring an additional 211,523 shares during the period. Finally, Renaissance Technologies LLC increased its position in 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 acquiring an additional 256,593 shares during the period. Institutional investors and hedge funds own 1.06% of the company's stock.

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.