StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX – Free Report) in a research report released on Tuesday morning. The brokerage issued a hold rating on the stock.
A number of other analysts have also commented on the company. Alliance Global Partners boosted their target price on TRX Gold from $1.50 to $1.75 and gave the company a buy rating in a research report on Tuesday, April 16th. HC Wainwright boosted their target price on TRX Gold from $1.30 to $1.40 and gave the company a buy rating in a research report on Tuesday, April 16th.
Read Our Latest Research Report on TRX Gold
TRX Gold Trading Down 2.0 %
TRX Gold (NYSE:TRX – Get Free Report) last posted its quarterly earnings data on Friday, April 12th. The company reported $0.01 earnings per share for the quarter. TRX Gold had a negative return on equity of 1.66% and a net margin of 0.70%. The firm had revenue of $7.98 million during the quarter, compared to analyst estimates of $9.40 million. On average, analysts forecast that TRX Gold will post 0.03 earnings per share for the current year.
Institutional Trading of TRX Gold
An institutional investor recently bought a new position in TRX Gold stock. Integrity Wealth Solutions LLC acquired a new position in shares of TRX Gold Co. (NYSE:TRX – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned approximately 0.10% of TRX Gold as of its most recent filing with the Securities and Exchange Commission. 1.06% of the stock is owned by institutional investors and hedge funds.
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.
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