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

StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a research note published on Monday. The firm issued a hold rating on the stock.

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

TRX Gold Price Performance

NYSE:TRX opened at $0.29 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03. TRX Gold has a 52-week low of $0.29 and a 52-week high of $0.49. The business’s fifty day moving average is $0.32 and its 200 day moving average is $0.36.

Hedge Funds Weigh In On TRX Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in TRX Gold during the third quarter worth about $52,000. Financial Sense Advisors Inc. grew its position in TRX Gold by 24.3% during the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock worth $52,000 after buying an additional 32,991 shares in the last quarter. Ground Swell Capital LLC boosted 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 purchasing an additional 48,705 shares in the last quarter. Sprott Inc. boosted its holdings in shares of TRX Gold by 506.7% in the 4th quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after purchasing an additional 121,479 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of TRX Gold in the 4th quarter worth about $120,000. 1.06% of the stock is currently owned by hedge funds and other institutional investors.

About TRX Gold

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.