StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX - Free Report) in a research note published on Sunday morning. The firm issued a hold rating on the stock.
A number of other research firms have also weighed in on TRX. HC Wainwright lifted their price objective on TRX Gold from $1.30 to $1.40 and gave the company a buy rating in a research note on Tuesday, April 16th. Alliance Global Partners upped their price target on shares of TRX Gold from $1.50 to $1.75 and gave the stock a buy rating in a research note on Tuesday, April 16th.
Get Our Latest Stock Report on TRX Gold
TRX Gold Price Performance
NYSE:TRX traded up $0.02 during mid-day trading on Friday, reaching $0.48. 1,016,256 shares of the company's stock traded hands, compared to its average volume of 222,909. The company has a 50 day moving average price of $0.43 and a 200-day moving average price of $0.39. The firm has a market capitalization of $132.77 million, a price-to-earnings ratio of 47.65 and a beta of 0.59. TRX Gold has a 12-month low of $0.31 and a 12-month high of $0.56.
TRX Gold (NYSE:TRX - Get Free Report) last released its quarterly earnings results on Friday, April 12th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $7.98 million during the quarter, compared to the consensus estimate of $9.40 million. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.66%. As a group, analysts forecast that TRX Gold will post 0.03 EPS for the current year.
Institutional Trading of TRX Gold
A hedge fund recently raised its stake in TRX Gold stock. PFG Investments LLC grew its holdings in shares of TRX Gold Co. (NYSE:TRX - Free Report) by 1,103.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 228,588 shares of the company's stock after acquiring an additional 209,588 shares during the period. PFG Investments LLC owned about 0.08% of TRX Gold worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 1.06% of the company's stock.
TRX Gold Company Profile
(
Get Free Report)
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.
See Also
Before you consider TRX Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TRX Gold wasn't on the list.
While TRX Gold currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
