HC Wainwright Decreases Earnings Estimates for TRX Gold

TRX Gold Co. (NYSEAMERICAN:TRX) – Stock analysts at HC Wainwright reduced their FY2026 earnings per share (EPS) estimates for shares of TRX Gold in a report issued on Monday, June 8th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of ($0.04) for the year, down from their prior forecast of ($0.03). HC Wainwright has a “Buy” rating and a $2.30 price target on the stock.

TRX Gold Trading Up 0.5%

TRX Gold stock opened at $0.93 on Wednesday. TRX Gold has a 12 month low of $0.32 and a 12 month high of $2.80. The company has a market capitalization of $304.55 million, a price-to-earnings ratio of -13.28 and a beta of 0.25. The business’s fifty day simple moving average is $1.25 and its two-hundred day simple moving average is $1.26. The company has a current ratio of 2.37, a quick ratio of 1.52 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On TRX Gold

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in TRX Gold by 1,622.0% during the 1st quarter. Bank of America Corp DE now owns 88,254 shares of the company’s stock valued at $132,000 after purchasing an additional 83,129 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in TRX Gold in the first quarter worth about $126,000. Renaissance Technologies LLC bought a new position in shares of TRX Gold in the first quarter worth approximately $1,227,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of TRX Gold by 128.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,713,800 shares of the company’s stock valued at $4,039,000 after buying an additional 1,524,403 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of TRX Gold during the first quarter valued at approximately $177,000. 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. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022.