TRX Gold (NYSE:TRX) PT Raised to $1.40 at HC Wainwright

TRX Gold (NYSE:TRX) had its target price raised by HC Wainwright from $1.30 to $1.40 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price objective would suggest a potential upside of 213.55% from the stock’s current price.

Separately, StockNews.com began coverage on TRX Gold in a research note on Tuesday, April 9th. They issued a “hold” rating for the company.

TRX Gold Stock Down 5.0 %

Shares of TRX Gold stock opened at $0.45 on Tuesday. The company has a market cap of $124.54 million, a PE ratio of 44.69 and a beta of 0.65. TRX Gold has a 52 week low of $0.31 and a 52 week high of $0.60. The business has a 50 day moving average price of $0.38 and a 200-day moving average price of $0.38.

TRX Gold (NYSE:TRX) last issued its quarterly earnings data on Friday, April 12th. The company reported $0.01 EPS for the quarter. The firm had revenue of $7.98 million during the quarter, compared to the consensus estimate of $9.40 million. TRX Gold had a negative return on equity of 1.66% and a net margin of 0.70%. As a group, research analysts anticipate that TRX Gold will post 0.03 EPS for the current year.

Hedge Funds Weigh In On TRX Gold

Several institutional investors have recently modified their holdings of the business. Morgan Stanley grew its holdings in TRX Gold by 19.7% during the fourth quarter. Morgan Stanley now owns 179,454 shares of the company’s stock valued at $61,000 after purchasing an additional 29,575 shares during the period. HighTower Advisors LLC grew its holdings in TRX Gold by 12.8% during the fourth quarter. HighTower Advisors LLC now owns 297,190 shares of the company’s stock valued at $99,000 after purchasing an additional 33,690 shares during the period. Virtu Financial LLC grew its holdings in TRX Gold by 211.1% during the fourth quarter. Virtu Financial LLC now owns 109,558 shares of the company’s stock valued at $37,000 after purchasing an additional 74,338 shares during the period. Bedel Financial Consulting Inc. bought a new position in TRX Gold during the second quarter valued at $44,000. Finally, Renaissance Technologies LLC grew its holdings in TRX Gold by 34.8% during the first quarter. Renaissance Technologies LLC now owns 655,228 shares of the company’s stock valued at $316,000 after purchasing an additional 169,281 shares during the period. 1.06% of the stock is owned by 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.