StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX – Free Report) in a research note published on Wednesday morning. The firm issued a hold rating on the stock.
A number of other analysts have also recently commented on TRX. HC Wainwright reaffirmed a buy rating and issued a $1.40 price target on shares of TRX Gold in a research note on Tuesday, July 16th. Alliance Global Partners increased their target price on shares of TRX Gold from $1.50 to $1.75 and gave the stock a buy rating in a report on Tuesday, April 16th.
View Our Latest Analysis on TRX
TRX Gold Stock Performance
TRX Gold (NYSE:TRX – Get Free Report) last issued its earnings results on Friday, July 12th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). TRX Gold had a negative net margin of 3.06% and a negative return on equity of 3.84%. The business had revenue of $10.15 million for the quarter, compared to the consensus estimate of $12.50 million. As a group, equities research analysts anticipate that TRX Gold will post 0.01 earnings per share for the current fiscal year.
Institutional Investors Weigh In On TRX Gold
A hedge fund recently bought a new stake in TRX Gold stock. Integrity Wealth Solutions LLC acquired a new position in shares of TRX Gold Co. (NYSE:TRX – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned approximately 0.10% of TRX Gold as of its most recent filing with the Securities & Exchange Commission. 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.
See Also
- Five stocks we like better than TRX Gold
- Best Stocks Under $5.00
- MarketBeat Week in Review – 8/5 – 8/9
- Trading Stocks: RSI and Why it’s Useful
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
- What Are Dividend Challengers?
- The Cannabis Sector: Profitability Takes Center Stage
Receive News & Ratings for TRX Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRX Gold and related companies with MarketBeat.com's FREE daily email newsletter.