NYSEAMERICAN:TRX

TRX Gold (TRX) Stock Forecast, Price & News

$0.46

+0.01 (+2.22%)

(As of 05/26/2023 ET)

Compare

Today's Range: $0.46
▼
$0.47
50-Day Range: $0.39
▼
$0.58
52-Week Range: $0.31
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$0.60

Volume: 283,672 shs
Average Volume: 600,424 shs
Market Capitalization: $127.45 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.10

TRX Gold MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 139.0% Upside
$1.10 Price Target
Short Interest: Healthy
0.35% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 266.67%
From $0.03 to $0.11 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.98 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
TRX Gold has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $1.10, TRX Gold has a forecasted upside of 139.0% from its current price of $0.46.
Amount of Analyst Coverage
TRX Gold has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.35% of the float of TRX Gold has been sold short.
Short Interest Ratio / Days to Cover
TRX Gold has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in TRX Gold has recently increased by 40.94%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
TRX Gold does not currently pay a dividend.
Dividend Growth
TRX Gold does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TRX.

0.6

News and Social Media Coverage

News Sentiment
TRX Gold has a news sentiment score of -1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.30 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 1 news article for TRX Gold this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for TRX on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added TRX Gold to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TRX Gold insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.25% of the stock of TRX Gold is held by insiders.
Percentage Held by Institutions
Only 1.15% of the stock of TRX Gold is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for TRX Gold are expected to grow by 266.67% in the coming year, from $0.03 to $0.11 per share.
Price to Book Value per Share Ratio
TRX Gold has a P/B Ratio of 2.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About TRX Gold (NYSEAMERICAN:TRX) Stock

TRX Gold Corp. along with its joint venture partner, State Mining Corporation of Tanzania (STAMICO), is building a gold project at Buckreef in Tanzania. The company's Buckreef Project is located in the Geita District of the Geita Region south of Lake Victoria, approximately 110 kilometers southwest of the city of Mwanza, Tanzania. The Buckreef Project consists of over four prospects, namely Buckreef, Bingwa, Tembo and Eastern Porphyry. The company was founded on July 5, 1990 and is headquartered in Toronto, Canada.

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TRX Stock News Headlines

May 19, 2023 | americanbankingnews.com

TRX Gold (NYSEAMERICAN:TRX) Coverage Initiated by Analysts at StockNews.com

May 16, 2023 | finance.yahoo.com

TRX Gold drill results from two key areas of the Buckreef Gold Project show resource potential

May 28, 2023 | Behind the Markets (Ad)

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May 15, 2023 | proactiveinvestors.com

TRX Gold drill results from two key areas of the Buckreef Gold Project shows resource potential

May 15, 2023 | proactiveinvestors.com

TRX Gold sees significant potential for resource expansion at the Buckreef Gold project

May 12, 2023 | msn.com

TRX Gold launches US$10M ATM offering

May 12, 2023 | finance.yahoo.com

TRX Gold Announces US ATM Offering

May 12, 2023 | msn.com

From ‘Gold Rush’ to ‘The Tinder Swindler’: How Raw Conquered the Doc World

May 28, 2023 | Legacy Research (Affiliate) (Ad)

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May 2, 2023 | fool.com

Trx Gold (NYSEMKT: TRX)

April 19, 2023 | americanbankingnews.com

Equities Analysts Set Expectations for TRX Gold Co.'s FY2023 Earnings (NYSEAMERICAN:TRX)

April 19, 2023 | americanbankingnews.com

HC Wainwright Reiterates "Buy" Rating for TRX Gold (NYSEAMERICAN:TRX)

April 18, 2023 | finance.yahoo.com

TRX Gold releases 2Q financial results showing highest quarterly production ever

April 18, 2023 | msn.com

HC Wainwright & Co. Reiterates TRX Gold (TRX) Buy Recommendation

April 17, 2023 | proactiveinvestors.com

TRX Gold releases Q2 financial results showing highest quarterly production ever

April 17, 2023 | markets.businessinsider.com

Tanzanian Royalty Exploration (TRX) Gets a Buy from H.C. Wainwright

April 16, 2023 | americanbankingnews.com

Financial Survey: AngloGold Ashanti (NYSE:AU) vs. TRX Gold (NYSE:TRX)

April 15, 2023 | americanbankingnews.com

TRX Gold (NYSEAMERICAN:TRX) Releases Earnings Results, Hits Expectations

April 14, 2023 | marketwatch.com

TRX Gold On Track for Full-Year Gold Output as Tanzania Processing Plant Comes Online -- Commodity Comment

April 14, 2023 | juniorminingnetwork.com

TRX Gold Reports Second Quarter 2023 Results; Newly Expanded Mill Running Smoothly

April 14, 2023 | finanznachrichten.de

TRX Gold Corporation: TRX Gold Reports Second Quarter 2023 Results

April 14, 2023 | theglobeandmail.com

Futures on Rise to End Week

April 14, 2023 | proactiveinvestors.com

TRX Gold says Buckreef Gold recorded its highest quarterly production to date

April 14, 2023 | finance.yahoo.com

TRX Gold Reports Second Quarter 2023 Results

April 13, 2023 | apnews.com

TRX Gold: Fiscal Q2 Earnings Snapshot

April 13, 2023 | americanbankingnews.com

TRX Gold (NYSE:TRX) Receives New Coverage from Analysts at StockNews.com

April 12, 2023 | fxstreet.com

Gold Price Forecast: XAU/USD could retest yearly top at $2,032 on soft United States inflation data

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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TRX Company Calendar

Last Earnings: 1/19/2023
Today: 5/27/2023
Next Earnings (Estimated): 7/12/2023
Fiscal Year End: 8/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Industry: Gold & silver ores
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSEAMERICAN:TRX
Previous Symbol: NYSE:TRX
CUSIP: N/A
CIK: 1173643
Web: www.tanzanianroyalty.com
Phone: (844) 364-1830
Fax: 860-799-0350
Employees: 11
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $1.10
High Stock Price Forecast: $1.10
Low Stock Price Forecast: $1.10
Forecasted Upside/Downside: +139.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-6,220,000.00
Net Margins: -0.39%
Pretax Margin: 28.18%
Return on Equity: -6.38%
Return on Assets: -4.77%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.07
Quick Ratio: 0.80

Sales & Book Value

Annual Sales: $15.09 million
Price / Sales: 8.45
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.19 per share
Price / Book: 2.42

Miscellaneous

Outstanding Shares: 276,890,000
Free Float: 270,660,000
Market Cap: $127.45 million
Optionable: Optionable
Beta: 0.88

Key Executives

Stephen R. Mullowney
Chief Executive Officer & Director

Andrew Mark Cheatle
Chief Operating Officer & Director

Michael P. Leonard
Chief Financial Officer

Khalaf Rashid
Senior Vice President-Tanzania Region

Christina Lalli
Vice President-Investor Relations

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

TRX Stock - Frequently Asked Questions

Should I buy or sell TRX Gold stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TRX Gold in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TRX shares.
View TRX analyst ratings or view top-rated stocks.
What is TRX Gold's stock price forecast for 2023?: 1 equities research analysts have issued 1-year price objectives for TRX Gold's stock. Their TRX share price forecasts range from $1.10 to $1.10. On average, they predict the company's share price to reach $1.10 in the next twelve months. This suggests a possible upside of 139.0% from the stock's current price.
View analysts price targets for TRX or view top-rated stocks among Wall Street analysts.
How have TRX shares performed in 2023?: TRX Gold's stock was trading at $0.3383 on January 1st, 2023. Since then, TRX shares have increased by 36.1% and is now trading at $0.4603.
View the best growth stocks for 2023 here.
Are investors shorting TRX Gold?: TRX Gold saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 937,100 shares, an increase of 40.9% from the April 30th total of 664,900 shares. Based on an average daily volume of 469,500 shares, the short-interest ratio is presently 2.0 days. Approximately 0.4% of the company's shares are sold short.
View TRX Gold's Short Interest.
When is TRX Gold's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 12th 2023.
View our TRX earnings forecast.
How were TRX Gold's earnings last quarter?: TRX Gold Co. (NYSEAMERICAN:TRX) released its earnings results on Thursday, January, 19th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. The basic materials company had revenue of $9.72 million for the quarter, compared to analysts' expectations of $7.90 million. TRX Gold had a negative trailing twelve-month return on equity of 6.38% and a negative net margin of 0.39%.

What other stocks do shareholders of TRX Gold own?: Based on aggregate information from My MarketBeat watchlists, some companies that other TRX Gold investors own include GW Pharmaceuticals (GWPH), TRX Gold (TNX), SSR Mining (SSRM), First Majestic Silver (AG), McEwen Mining (MUX), New Senior Investment Group (SNR), Golden Minerals (AUMN), DRDGOLD (DRD) and Great Panther Mining (GPL).
What is TRX Gold's stock symbol?: TRX Gold trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "TRX."
Who are TRX Gold's major shareholders?: TRX Gold's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (0.24%), Guild Investment Management Inc. (0.18%), Connor Clark & Lunn Investment Management Ltd. (0.02%) and Simplex Trading LLC (0.00%).
View institutional ownership trends.
How do I buy shares of TRX Gold?: Shares of TRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is TRX Gold's stock price today?: One share of TRX stock can currently be purchased for approximately $0.46.
How much money does TRX Gold make?: TRX Gold (NYSEAMERICAN:TRX) has a market capitalization of $127.45 million and generates $15.09 million in revenue each year.
How can I contact TRX Gold?: TRX Gold's mailing address is 82 Richmond St E Suite 200, TORONTO, ON M5C 1P1, Canada. The official website for the company is www.tanzanianroyalty.com. The basic materials company can be reached via phone at (844) 364-1830, via email at investors@tangoldcorp.com, or via fax at 860-799-0350.

This page (NYSEAMERICAN:TRX) was last updated on 5/28/2023 by MarketBeat.com Staff

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