TRX Gold (NYSE:TRX) Earns Hold Rating from Analysts at Wall Street Zen

Wall Street Zen assumed coverage on shares of TRX Gold (NYSE:TRX - Free Report) in a report issued on Thursday morning. The firm issued a hold rating on the stock.

TRX Gold Stock Up 3.7%

Shares of TRX stock traded up $0.01 during trading hours on Thursday, reaching $0.33. 395,037 shares of the company's stock were exchanged, compared to its average volume of 418,390. TRX Gold has a 1 year low of $0.27 and a 1 year high of $0.49. The stock has a market cap of $93.16 million, a PE ratio of -33.00 and a beta of 0.40. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03. The stock's fifty day moving average price is $0.31 and its two-hundred day moving average price is $0.32.

Institutional Investors Weigh In On TRX Gold

A number of large investors have recently modified their holdings of the business. Sprott Inc. boosted its position in TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company's stock valued at $45,000 after buying an additional 121,479 shares during the last quarter. Financial Sense Advisors Inc. boosted its position in TRX Gold by 24.3% in the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company's stock valued at $52,000 after buying an additional 32,991 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in TRX Gold in the fourth quarter valued at approximately $120,000. Finally, Rossby Financial LCC purchased a new stake in TRX Gold in the fourth quarter valued at approximately $255,000. Hedge funds and other institutional investors 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.