TRX Gold (NYSE:TRX) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a research note released on Wednesday. The firm issued a hold rating on the stock.

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

TRX Gold Stock Performance

TRX opened at $0.32 on Wednesday. TRX Gold has a 1-year low of $0.29 and a 1-year high of $0.49. The firm has a 50-day moving average price of $0.33 and a two-hundred day moving average price of $0.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.51 and a current ratio of 0.83.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Ground Swell Capital LLC raised its stake in shares of TRX Gold by 201.9% during the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock worth $29,000 after buying an additional 48,705 shares during the last quarter. Virtu Financial LLC bought a new position in TRX Gold in the third quarter valued at approximately $52,000. Finally, HighTower Advisors LLC grew its holdings in TRX Gold by 9.6% during the 3rd 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. 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.