TRX Gold Co. (NYSE:TRX) Shares Bought by Sprott Inc.

Sprott Inc. grew its position in TRX Gold Co. (NYSE:TRX) by 506.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,454 shares of the company’s stock after purchasing an additional 121,479 shares during the period. Sprott Inc. owned approximately 0.05% of TRX Gold worth $45,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Ground Swell Capital LLC raised its holdings in TRX Gold by 201.9% in the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after buying an additional 48,705 shares during the period. HighTower Advisors LLC increased 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 worth $130,000 after acquiring an additional 29,416 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of TRX Gold in the 3rd quarter valued at $52,000. Finally, Financial Sense Advisors Inc. lifted its holdings in shares of TRX Gold by 24.3% during the 4th quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after acquiring an additional 32,991 shares in the last quarter. Hedge funds and other institutional investors own 1.06% of the company’s stock.

TRX Gold Price Performance

Shares of TRX stock opened at $0.30 on Thursday. TRX Gold Co. has a twelve month low of $0.29 and a twelve month high of $0.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.51 and a current ratio of 0.83. The firm has a fifty day simple moving average of $0.32 and a 200-day simple moving average of $0.36.

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com started coverage on TRX Gold in a report on Sunday. They issued a “hold” rating for the company. HC Wainwright reiterated a “buy” rating and issued a $1.50 target price (up previously from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.

TRX Gold 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.