TRX Gold (NYSE:TRX) Stock Price Expected to Rise, HC Wainwright Analyst Says

TRX Gold (NYSE:TRX - Free Report) had its target price increased by HC Wainwright from $1.00 to $1.10 in a report published on Wednesday,Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for TRX Gold's FY2025 earnings at $0.00 EPS and FY2026 earnings at $0.04 EPS.

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

TRX Gold Stock Down 2.2%

NYSE:TRX traded down $0.01 during midday trading on Wednesday, hitting $0.34. 553,479 shares of the company were exchanged, compared to its average volume of 435,013. The company has a fifty day simple moving average of $0.33 and a 200 day simple moving average of $0.32. TRX Gold has a fifty-two week low of $0.27 and a fifty-two week high of $0.43. 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 company has a market capitalization of $95.42 million, a PE ratio of -34.20 and a beta of 0.24.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TRX. Rossby Financial LCC purchased a new position in TRX Gold during the 4th quarter worth $255,000. BNP Paribas Financial Markets purchased a new position in TRX Gold during the 4th quarter worth $120,000. Finally, Financial Sense Advisors Inc. grew its position in TRX Gold by 41.5% during the 1st quarter. Financial Sense Advisors Inc. now owns 238,483 shares of the company's stock worth $74,000 after purchasing an additional 70,000 shares during the last quarter. 1.06% of the stock is owned by hedge funds and other institutional investors.

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.