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TSE:TNX

TRX Gold - TNX Stock Forecast, Price & News

C$0.67
+0.06 (+9.84%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
C$0.64
▼
C$0.67
50-Day Range
C$0.50
▼
C$0.68
52-Week Range
C$0.35
▼
C$0.71
Volume
10,557 shs
Average Volume
19,466 shs
Market Capitalization
C$185.40 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
C$1.10

TRX Gold MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
64.2% Upside
C$1.10 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.83mentions of TRX Gold in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
C$17,540 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank™

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

1.50 out of 5 stars

See Top Rated MarketRank™ Stocks Here

TNX stock logo

About TRX Gold (TSE:TNX) Stock

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. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022. TRX Gold Corporation was incorporated in 1990 and is based in Oakville, Canada.

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TNX Stock News Headlines

March 16, 2023 | americanbankingnews.com
TRX Gold (TSE:TNX) Rating Reiterated by HC Wainwright
February 24, 2023 | finance.yahoo.com
TRX Gold Reports 2022 Annual Meeting Voting Results
March 22, 2023 | Weiss Ratings (Ad)
Fed's Shocking New Plan to Control Your Money
The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 
January 10, 2023 | proactiveinvestors.com
TRX Gold releases positive assay results showing an extension of Buckreef Main Zone
December 12, 2022 | proactiveinvestors.com
TRX Gold hails the positive findings of variability sampling program at Buckreef Gold project in Tanzania
November 16, 2022 | proactiveinvestors.com
TRX Gold touts commercial production at its over 1,000-ton-per-day processing plant at Buckreef Gold Mine in Tanzania
August 17, 2022 | ca.finance.yahoo.com
Stocks in play: TRX Gold Corporation
July 14, 2022 | ca.proactiveinvestors.com
TRX Gold delivers record quarterly production and net income from its Buckreef gold operation in Tanzania
March 22, 2023 | Investor Place Media (Ad)
Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
May 27, 2022 | finance.yahoo.com
Tanzanian Gold Changes Its Name to TRX Gold Corporation
May 18, 2022 | finanznachrichten.de
Tanzanian Gold Corporation: Tanzanian Gold Announces Name Change to TRX Gold Corporation & Strengthens Management Team
May 16, 2022 | finance.yahoo.com
Tanzanian Gold Announces Name Change to TRX Gold Corporation & Strengthens Management Team
April 14, 2022 | finance.yahoo.com
TanGold Achieves Low Cash Costs and Significant Gross Margin on Gold Sales
February 28, 2022 | finance.yahoo.com
Tanzanian Gold Reports 2022 Annual Meeting Voting Results
February 22, 2022 | finance.yahoo.com
Buckreef Gold - Ball Mills at the Gates
January 26, 2022 | finance.yahoo.com
TanGold Announces Closing Of $7.0 Million Registered Direct Offering
January 14, 2022 | finance.yahoo.com
TanGold Continues Execution on Sustainable Business Plan
October 20, 2021 | finance.yahoo.com
Is Tanzanian Gold (TSE:TNX) In A Good Position To Deliver On Growth Plans?
October 20, 2021 | finance.yahoo.com
Buckreef Gold Commences Commissioning of Expanded Processing Plant
September 10, 2021 | finance.yahoo.com
TanGold to Attend and Present at the 2021 Gold Forum Americas Explorer and Developer Forum
July 28, 2021 | barrons.com
Tanzanian Gold Corp.
June 9, 2021 | ca.finance.yahoo.com
Stocks in play: Tanzanian Gold Corporation
June 1, 2021 | finance.yahoo.com
Khalaf Rashid – Welcomed as Senior Vice President, Tanzania & Managing Director
April 29, 2021 | ca.finance.yahoo.com
Tanzanian Gold Corporation (TNX.TO?P=TNX.TO)
April 28, 2021 | marketwatch.com
James E. Sinclair - Turns 80 Years Old and Retires as Executive Chairman
April 27, 2021 | finance.yahoo.com
James E. Sinclair – Turns 80 Years Old and Retires as Executive Chairman
April 22, 2021 | finance.yahoo.com
Here's Why We're Watching Tanzanian Gold's (TSE:TNX) Cash Burn Situation
See More Headlines
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TNX Company Calendar

Today
3/22/2023
Next Earnings (Estimated)
4/13/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Gold
Sub-Industry
N/A
Sector
Basic Materials
Current Symbol
TSE:TNX
CUSIP
N/A
CIK
N/A
Web
www.tanzanianroyalty.com
Phone
+1-416-8487744
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$1.10
High Stock Price Forecast
C$1.10
Low Stock Price Forecast
C$1.10
Forecasted Upside/Downside
+80.3%
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
10.24
P/E Growth
N/A
Net Income
N/A
Net Margins
-2.75%
Pretax Margin
N/A
Return on Equity
9.76%
Return on Assets
6.87%

Debt

Debt-to-Equity Ratio
0.25
Current Ratio
1.10
Quick Ratio
0.64

Sales & Book Value

Annual Sales
C$24.81 million
Price / Sales
6.80
Cash Flow
C$0.04 per share
Price / Cash Flow
14.52
Book Value
C$0.19 per share
Price / Book
3.21

Miscellaneous

Outstanding Shares
276,710,000
Free Float
N/A
Market Cap
C$168.79 million
Optionable
Not Optionable
Beta
0.56

Key Executives

  • Mr. Stephen Mullowney B.B.A. (Age 46)
    C.A., C.F.A., CPA, CEO & Director
    Comp: $577.6k
  • Mr. Michael P. Leonard C.A. (Age 47)
    CPA, Chief Financial Officer
    Comp: $229.28k
  • Mr. Andrew Mark Cheatle B.Sc. (Age 59)
    M.B.A., P.Geo., COO & Director
    Comp: $390.53k
  • Mr. Khalaf Rashid (Age 53)
    Sr. VP of Tanzania
    Comp: $114.86k
  • Ms. Donna M. Moroney (Age 63)
    Corp. Sec.
    Comp: $56.75k
  • Mr. Peter T. Zizhou BSc (Hons) (Age 56)
    Gen. Mang.
    Comp: $198.51k
  • Mr. Michael E. Martin
    Investor Relations Mang.

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













TNX Stock - Frequently Asked Questions

Should I buy or sell TRX Gold stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TRX Gold in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TNX shares.
View TNX analyst ratings or view top-rated stocks.

What is TRX Gold's stock price forecast for 2023?

1 brokers have issued 1 year target prices for TRX Gold's shares. Their TNX share price forecasts range from C$1.10 to C$1.10. On average, they anticipate the company's share price to reach C$1.10 in the next twelve months. This suggests a possible upside of 80.3% from the stock's current price.
View analysts price targets for TNX or view top-rated stocks among Wall Street analysts.

How have TNX shares performed in 2023?

TRX Gold's stock was trading at C$0.45 at the beginning of 2023. Since then, TNX shares have increased by 35.6% and is now trading at C$0.61.
View the best growth stocks for 2023 here.

When is TRX Gold's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 13th 2023.
View our TNX earnings forecast.

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 TRX Gold (TRX), Yorbeau Resources (YRB), Detour Gold (DGC), Air Canada (AC), Aurora Cannabis (ACB), First Majestic Silver (AG), Alamos Gold (AGI), Anaconda Mining (ANX), Algonquin Power & Utilities (AQN) and Argonaut Gold (AR).

What is TRX Gold's stock symbol?

TRX Gold trades on the Toronto Stock Exchange (TSX) under the ticker symbol "TNX."

How do I buy shares of TRX Gold?

Shares of TNX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is TRX Gold's stock price today?

One share of TNX stock can currently be purchased for approximately C$0.61.

How much money does TRX Gold make?

TRX Gold (TSE:TNX) has a market capitalization of C$168.79 million and generates C$24.81 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 company can be reached via phone at +1-416-8487744.

This page (TSE:TNX) was last updated on 3/22/2023 by MarketBeat.com Staff