HC Wainwright Boosts TRX Gold (NYSE:TRX) Price Target to $1.40

TRX Gold (NYSE:TRX) had its price target increased by HC Wainwright from $1.30 to $1.40 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Separately, StockNews.com initiated coverage on shares of TRX Gold in a research report on Tuesday, April 9th. They set a hold rating on the stock.

TRX Gold Stock Up 3.3 %

Shares of TRX opened at $0.46 on Tuesday. TRX Gold has a 52-week low of $0.31 and a 52-week high of $0.60. The firm’s fifty day moving average is $0.38 and its two-hundred day moving average is $0.38. The stock has a market cap of $128.61 million, a PE ratio of 46.16 and a beta of 0.65.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TRX. Renaissance Technologies LLC lifted its position in TRX Gold by 325.1% in the first quarter. Renaissance Technologies LLC now owns 611,000 shares of the company’s stock valued at $189,000 after buying an additional 467,274 shares during the last quarter. Integrity Wealth Solutions LLC acquired a new position in TRX Gold in the first quarter valued at about $113,000. Millennium Management LLC lifted its position in TRX Gold by 493.1% in the fourth quarter. Millennium Management LLC now owns 254,416 shares of the company’s stock valued at $86,000 after buying an additional 211,523 shares during the last quarter. Virtu Financial LLC acquired a new position in TRX Gold in the first quarter valued at about $45,000. Finally, Bedel Financial Consulting Inc. acquired a new position in TRX Gold in the second quarter valued at about $44,000. Institutional investors and hedge funds own 1.06% of the company’s stock.

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.