TRX Gold (NYSE:TRX) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of TRX Gold (NYSE:TRX) in a research report released on Wednesday. The brokerage issued a hold rating on the stock.

Separately, HC Wainwright restated a “buy” rating and issued a $1.50 target price (up from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.

TRX Gold Price Performance

Shares of TRX opened at $0.32 on Wednesday. The stock’s 50-day moving average price is $0.33 and its 200 day moving average price is $0.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.51 and a current ratio of 0.83. 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 stock. Virtu Financial LLC acquired a new position in shares of TRX Gold in the 3rd quarter worth approximately $52,000. Ground Swell Capital LLC grew its position in 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 acquiring an additional 48,705 shares during the period. Finally, HighTower Advisors LLC raised its stake in TRX Gold by 9.6% during the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock worth $130,000 after acquiring an additional 29,416 shares in the last quarter. 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.