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

StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a report published on Tuesday. The brokerage issued a hold rating on the stock.

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

TRX Gold Stock Performance

Shares of TRX opened at $0.30 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51. The firm has a 50 day moving average of $0.32 and a 200 day moving average of $0.35. TRX Gold has a twelve month low of $0.29 and a twelve month high of $0.49.

Institutional Investors Weigh In On TRX Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in TRX Gold in the third quarter worth approximately $52,000. Sprott Inc. boosted its holdings in TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after purchasing an additional 121,479 shares during the last quarter. Financial Sense Advisors Inc. boosted its holdings in TRX Gold by 24.3% in the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock worth $52,000 after purchasing an additional 32,991 shares during the last quarter. HighTower Advisors LLC boosted its holdings in TRX Gold by 9.6% in 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 during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of TRX Gold during the 4th quarter worth $120,000. Hedge funds and other institutional investors own 1.06% of the company’s stock.

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.