StockNews.com Begins Coverage on TRX Gold (NYSE:TRX)

StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a research note 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 target price (up from $1.40) on shares of TRX Gold in a research report on Tuesday, December 3rd.

TRX Gold Stock Down 2.0 %

Shares of NYSE:TRX opened at $0.32 on Friday. The business has a 50-day moving average price of $0.32 and a 200 day moving average price of $0.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51. TRX Gold has a 12-month low of $0.29 and a 12-month high of $0.49.

Institutional Investors Weigh In On TRX Gold

Institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in TRX Gold during the third quarter worth approximately $52,000. Ground Swell Capital LLC increased its holdings 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 valued at $29,000 after purchasing an additional 48,705 shares during the period. HighTower Advisors LLC increased its holdings 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. BNP Paribas Financial Markets acquired a new position in shares of TRX Gold in the fourth quarter valued at approximately $120,000. Finally, Rossby Financial LCC acquired a new position in shares of TRX Gold in the fourth quarter valued at approximately $255,000. 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.