TRX Gold (NYSE:TRX) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a report released on Monday. The brokerage issued a hold rating on the stock.

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

TRX Gold Price Performance

Shares of TRX Gold stock opened at $0.30 on Monday. 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 business has a 50-day moving average price of $0.32 and a 200 day moving average price of $0.36. TRX Gold has a fifty-two week low of $0.29 and a fifty-two week high of $0.49.

Hedge Funds Weigh In On TRX Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of TRX. Ground Swell Capital LLC increased its holdings in shares of TRX Gold by 201.9% in the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after buying an additional 48,705 shares in the last quarter. Sprott Inc. increased its holdings 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 in the last quarter. Financial Sense Advisors Inc. increased its holdings 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 in the last quarter. Virtu Financial LLC bought a new position in shares of TRX Gold in the third quarter valued at $52,000. Finally, BNP Paribas Financial Markets bought a new position in shares of TRX Gold in the fourth quarter valued at $120,000. 1.06% of the stock is currently owned by institutional investors and hedge funds.

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.