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

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

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

TRX Gold Trading Up 5.4 %

TRX Gold stock opened at $0.33 on Monday. The stock has a fifty day simple moving average of $0.34 and a two-hundred day simple moving average of $0.38. TRX Gold has a 12 month low of $0.29 and a 12 month high of $0.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.84 and a quick ratio of 0.54.

Institutional Trading of TRX Gold

A number of hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in TRX Gold during the third quarter valued at about $52,000. Ground Swell Capital LLC boosted its stake 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 worth $29,000 after acquiring an additional 48,705 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of TRX Gold by 9.6% in the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after acquiring an additional 29,416 shares during the period. Hedge funds and other institutional investors 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.