Roth Capital Weighs in on TRX Gold Co.’s FY2025 Earnings (NYSE:TRX)

TRX Gold Co. (NYSE:TRX) – Roth Capital lifted their FY2025 earnings estimates for TRX Gold in a research report issued on Wednesday, April 17th. Roth Capital analyst M. Niehuser now anticipates that the company will post earnings of $0.08 per share for the year, up from their previous forecast of $0.07. The consensus estimate for TRX Gold’s current full-year earnings is $0.03 per share.

Several other research firms also recently issued reports on TRX. StockNews.com started coverage on shares of TRX Gold in a research note on Wednesday. They set a “hold” rating for the company. HC Wainwright upped their target price on shares of TRX Gold from $1.30 to $1.40 and gave the company a “buy” rating in a research note on Tuesday. Finally, Alliance Global Partners upped their target price on shares of TRX Gold from $1.50 to $1.75 and gave the company a “buy” rating in a research note on Tuesday.

TRX Gold Stock Up 2.2 %

TRX opened at $0.47 on Thursday. TRX Gold has a 52-week low of $0.31 and a 52-week high of $0.60. The company has a 50 day moving average of $0.39 and a two-hundred day moving average of $0.38. The company has a market cap of $131.09 million, a P/E ratio of 47.00 and a beta of 0.65.

TRX Gold (NYSE:TRX) last released its quarterly earnings data on Friday, April 12th. The company reported $0.01 earnings per share (EPS) for the quarter. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.66%. The company had revenue of $7.98 million during the quarter, compared to the consensus estimate of $9.40 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of TRX Gold by 51.9% in the second quarter. Renaissance Technologies LLC now owns 995,158 shares of the company’s stock valued at $441,000 after purchasing an additional 339,930 shares during the period. HighTower Advisors LLC boosted its stake in TRX Gold by 12.8% during the 4th quarter. HighTower Advisors LLC now owns 297,190 shares of the company’s stock valued at $99,000 after acquiring an additional 33,690 shares during the last quarter. Integrity Wealth Solutions LLC bought a new position in TRX Gold during the 1st quarter valued at $113,000. Millennium Management LLC boosted its stake in TRX Gold by 493.1% during the 4th quarter. Millennium Management LLC now owns 254,416 shares of the company’s stock valued at $86,000 after acquiring an additional 211,523 shares during the last quarter. Finally, Morgan Stanley boosted its stake in TRX Gold by 19.7% during the 4th quarter. Morgan Stanley now owns 179,454 shares of the company’s stock valued at $61,000 after acquiring an additional 29,575 shares during the last quarter. 1.06% of the stock is currently owned by hedge funds and other 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.