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 report released on Wednesday. The brokerage issued a hold rating on the stock.

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

TRX Gold Price Performance

Shares of TRX Gold stock opened at $0.32 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 0.03. TRX Gold has a 12 month low of $0.29 and a 12 month high of $0.49. The business has a fifty day simple moving average of $0.31 and a 200 day simple moving average of $0.35.

Hedge Funds Weigh In On TRX Gold

A number of institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC grew its position 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 valued at $130,000 after purchasing an additional 29,416 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of TRX Gold in the third quarter valued at approximately $52,000. Financial Sense Advisors Inc. grew its position in shares of TRX Gold by 24.3% in the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after purchasing an additional 32,991 shares during the last quarter. Sprott Inc. grew its position in shares of TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock valued at $45,000 after purchasing an additional 121,479 shares during the last quarter. Finally, Rossby Financial LCC acquired a new position in shares of TRX Gold in the fourth quarter valued at approximately $255,000. Institutional investors and hedge funds own 1.06% of the company’s stock.

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.