TRX Gold (NYSE:TRX) Coverage Initiated by Analysts at StockNews.com

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

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

TRX Gold Price Performance

Shares of TRX opened at $0.30 on Friday. The stock has a 50 day moving average of $0.37 and a 200 day moving average of $0.39. TRX Gold has a 12 month low of $0.29 and a 12 month high of $0.49. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in TRX Gold in the 3rd quarter worth about $52,000. Ground Swell Capital LLC increased 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 purchasing an additional 48,705 shares in the last quarter. Finally, HighTower Advisors LLC raised 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 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.