Investment analysts at StockNews.com started coverage on shares of TRX Gold (NYSE:TRX – Get Free Report) in a research note issued on Friday. The brokerage set a “hold” rating on the stock.
TRX Gold Stock Performance
TRX stock opened at $0.29 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $0.31 and a 200 day moving average of $0.34. TRX Gold has a twelve month low of $0.28 and a twelve month high of $0.49.
Hedge Funds Weigh In On TRX Gold
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rossby Financial LCC bought a new position in shares of TRX Gold during the fourth quarter valued at $255,000. BNP Paribas Financial Markets bought a new position in shares of TRX Gold in the 4th quarter worth approximately $120,000. HighTower Advisors LLC boosted its holdings in shares of 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 buying an additional 29,416 shares during the last quarter. Financial Sense Advisors Inc. boosted its stake in shares of TRX Gold by 24.3% during the 4th quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock worth $52,000 after acquiring an additional 32,991 shares during the last quarter. Finally, Sprott Inc. raised its holdings in 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 during the period. 1.06% of the stock is owned by institutional investors.
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.
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