TRX Gold (NYSE:TRX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of TRX Gold (NYSE:TRX) in a report published on Friday morning. The brokerage issued a hold rating on the stock.

Separately, HC Wainwright reiterated a “buy” rating and issued a $1.40 target price on shares of TRX Gold in a research note on Tuesday, July 16th.

TRX Gold Price Performance

NYSE:TRX opened at $0.41 on Friday. TRX Gold has a one year low of $0.31 and a one year high of $0.49. The firm has a 50-day moving average of $0.39 and a 200-day moving average of $0.42.

Institutional Investors Weigh In On TRX Gold

A hedge fund recently bought a new stake in TRX Gold stock. Integrity Wealth Solutions LLC purchased a new position in TRX Gold Co. (NYSE:TRX) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned approximately 0.10% of TRX Gold at the end of the most recent reporting period. 1.06% of the stock is currently 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.