TRX Gold (NYSE:TRX) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a research report issued on Monday. The firm set a “hold” rating on the stock.

Separately, HC Wainwright restated a “buy” rating and set a $1.50 price target (up previously from $1.40) on shares of TRX Gold in a report on Tuesday, December 3rd.

TRX Gold Trading Down 0.3 %

Shares of TRX opened at $0.32 on Monday. TRX Gold has a 12-month low of $0.29 and a 12-month high of $0.49. The firm has a 50-day moving average price of $0.35 and a 200 day moving average price of $0.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.84 and a quick ratio of 0.54.

Institutional Investors Weigh In On TRX Gold

Institutional investors have recently made changes to their positions in the stock. Ground Swell Capital LLC lifted its holdings in shares of TRX Gold by 201.9% in the 3rd quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock worth $29,000 after acquiring an additional 48,705 shares during the last quarter. Virtu Financial LLC acquired a new position in TRX Gold during the third quarter worth $52,000. Finally, HighTower Advisors LLC lifted its stake in TRX Gold by 9.6% during the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after purchasing an additional 29,416 shares in the last quarter. 1.06% of the stock is currently owned by institutional investors and hedge funds.

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.