TRX Gold (NYSE:TRX) Posts Earnings Results

TRX Gold (NYSE:TRX) issued its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, RTT News reports. TRX Gold had a net margin of 6.11% and a return on equity of 2.21%.

TRX Gold Trading Down 2.0%

NYSE:TRX opened at $0.92 on Thursday. TRX Gold has a 52 week low of $0.27 and a 52 week high of $1.02. The firm has a 50-day moving average price of $0.81 and a two-hundred day moving average price of $0.60. The firm has a market cap of $263.22 million, a price-to-earnings ratio of -34.20 and a beta of 0.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.51 and a current ratio of 0.83.

Institutional Trading of TRX Gold

A number of hedge funds have recently bought and sold shares of TRX. Citadel Advisors LLC grew its stake in TRX Gold by 50.4% in the 3rd quarter. Citadel Advisors LLC now owns 442,851 shares of the company’s stock valued at $276,000 after purchasing an additional 148,330 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of TRX Gold by 6.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 482,536 shares of the company’s stock worth $301,000 after buying an additional 27,966 shares during the last quarter. Evergreen Capital Management LLC bought a new position in TRX Gold during the second quarter valued at about $136,000. Finally, Jane Street Group LLC grew its position in TRX Gold by 157.7% during the second quarter. Jane Street Group LLC now owns 108,573 shares of the company’s stock valued at $36,000 after buying an additional 66,437 shares during the period. 1.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TRX. HC Wainwright lifted their price target on TRX Gold from $1.20 to $1.40 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Roth Capital reaffirmed a “buy” rating and set a $1.25 target price on shares of TRX Gold in a research report on Friday, December 12th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $1.33.

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.