TRX Gold (NYSE:TRX) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a research report sent to investors on Sunday morning. The firm issued a hold rating on the stock.

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

TRX Gold Trading Down 4.6 %

Shares of TRX Gold stock opened at $0.31 on Friday. The firm has a 50-day simple moving average of $0.32 and a two-hundred day simple moving average of $0.36. TRX Gold has a fifty-two week low of $0.29 and a fifty-two week high of $0.49. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On TRX Gold

A number of hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in TRX Gold in the 4th quarter valued at $120,000. Rossby Financial LCC acquired a new stake in shares of TRX Gold in the fourth quarter valued at about $255,000. Sprott Inc. raised its position in shares of TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock valued at $45,000 after buying an additional 121,479 shares during the last quarter. Financial Sense Advisors Inc. raised its position in shares of TRX Gold by 24.3% in the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after buying an additional 32,991 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of TRX Gold in the third quarter valued at about $52,000. Institutional investors and hedge funds 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.