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TRX Gold (TRX) Stock Forecast & Price Target

+0.01 (+1.48%)
(As of 01:15 PM ET)

TRX Gold - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 2 Wall Street analysts who have issued ratings for TRX Gold in the last 12 months, the stock has a consensus rating of "Buy." Out of the 2 analysts, 2 have given a buy rating for TRX.

Consensus Price Target

260.00% Upside
High Forecast$1.75
Average Forecast$1.58
Low Forecast$1.40

According to the 2 analysts' twelve-month price targets for TRX Gold, the average price target is $1.58. The highest price target for TRX is $1.75, while the lowest price target for TRX is $1.40. The average price target represents a forecasted upside of 260.00% from the current price of $0.44.

TypeCurrent Forecast
7/18/23 to 7/17/24
1 Month Ago
6/18/23 to 6/17/24
3 Months Ago
4/19/23 to 4/18/24
1 Year Ago
7/18/22 to 7/18/23
Consensus Rating
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
1 Buy rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$1.58$1.58$1.58$1.10
Forecasted Upside260.00% Upside273.40% Upside273.40% Upside100.00% Upside
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TRX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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TRX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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TRX Gold Stock vs. The Competition

TypeTRX GoldBasic Materials CompaniesS&P 500
Consensus Rating Score
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside260.00% Upside378.09% Upside7.64% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/16/2024HC Wainwright
3 of 5 stars
 Reiterated RatingBuy ➝ Buy$1.40 ➝ $1.40+234.60%
4/16/2024Alliance Global Partners
1 of 5 stars
 Boost TargetBuy ➝ Buy$1.50 ➝ $1.75+306.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:33 PM ET.

TRX Forecast - Frequently Asked Questions

What is TRX Gold's forecast for 2024?

According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for TRX Gold is $1.58, with a high forecast of $1.75 and a low forecast of $1.40.

Should I buy or sell TRX Gold stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TRX Gold in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TRX shares.

Does TRX Gold's stock price have much upside?

According to analysts, TRX Gold's stock has a predicted upside of 270.98% based on their 12-month stock forecasts.

What analysts cover TRX Gold?

TRX Gold has been rated by research analysts at HC Wainwright in the past 90 days.

Do Wall Street analysts like TRX Gold more than its competitors?

Analysts like TRX Gold more than other "basic materials" companies. The consensus rating for TRX Gold is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how TRX compares to other companies.

This page (NYSE:TRX) was last updated on 7/17/2024 by Staff

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