HC Wainwright Forecasts Strong Price Appreciation for TRX Gold (NYSE:TRX) Stock

TRX Gold (NYSE:TRX - Free Report) had its price target increased by HC Wainwright from $1.00 to $1.10 in a research note released on Wednesday,Benzinga reports. They currently have 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 started coverage on TRX Gold in a research report on Thursday, May 22nd. They issued a "hold" rating for the company.

TRX Gold Stock Down 1.7%

TRX Gold stock traded down $0.01 during mid-day trading on Wednesday, reaching $0.34. The stock had a trading volume of 427,446 shares, compared to its average volume of 433,462. The company has a market capitalization of $95.90 million, a price-to-earnings ratio of -34.20 and a beta of 0.24. The company has a 50-day moving average price of $0.33 and a two-hundred day moving average price of $0.32. TRX Gold has a one year low of $0.27 and a one year high of $0.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51.

Institutional Investors Weigh In On TRX Gold

Several hedge funds and other institutional investors have recently made changes to their positions in TRX. Rossby Financial LCC purchased a new stake in shares of TRX Gold during the 4th quarter valued at about $255,000. BNP Paribas Financial Markets purchased a new stake in shares of TRX Gold during the 4th quarter valued at about $120,000. Finally, Financial Sense Advisors Inc. increased its position in shares of TRX Gold by 41.5% during the 1st quarter. Financial Sense Advisors Inc. now owns 238,483 shares of the company's stock valued at $74,000 after purchasing an additional 70,000 shares during the last quarter. 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.