TRX Gold Co. $TRX Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its position in shares of TRX Gold Co. (NYSEAMERICAN:TRX) by 144.1% in the fourth quarter, HoldingsChannel reports. The firm owned 1,817,781 shares of the company’s stock after acquiring an additional 1,073,200 shares during the period. Hillsdale Investment Management Inc.’s holdings in TRX Gold were worth $1,685,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRX. Jane Street Group LLC boosted its stake in TRX Gold by 157.7% during the 2nd quarter. Jane Street Group LLC now owns 108,573 shares of the company’s stock valued at $36,000 after purchasing an additional 66,437 shares during the period. BNP Paribas Financial Markets boosted its stake in TRX Gold by 7.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 454,570 shares of the company’s stock valued at $152,000 after purchasing an additional 31,203 shares during the period. Evergreen Capital Management LLC acquired a new position in TRX Gold during the 2nd quarter valued at about $136,000. PFG Private Wealth Management LLC acquired a new position in TRX Gold during the 3rd quarter valued at about $182,000. Finally, MAI Capital Management bought a new stake in shares of TRX Gold during the 3rd quarter worth about $30,000. 1.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRX has been the topic of a number of recent analyst reports. Roth Mkm set a $2.25 price target on shares of TRX Gold and gave the stock a “buy” rating in a research report on Monday, February 9th. HC Wainwright restated a “buy” rating and set a $2.30 price target on shares of TRX Gold in a research report on Thursday, April 16th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $2.28.

TRX Gold Price Performance

TRX stock opened at $1.15 on Monday. TRX Gold Co. has a 52 week low of $0.32 and a 52 week high of $2.80. The company has a market capitalization of $374.82 million, a price-to-earnings ratio of -16.43 and a beta of 0.25. The firm’s 50-day moving average is $1.29 and its two-hundred day moving average is $1.24. The company has a current ratio of 2.37, a quick ratio of 1.52 and a debt-to-equity ratio of 0.03.

About TRX Gold

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.