Tanzanian Gold Co. (NYSE:TRX) Expected to Post Earnings of -$0.01 Per Share

Equities analysts forecast that Tanzanian Gold Co. (NYSE:TRXGet Rating) will post earnings of ($0.01) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Tanzanian Gold’s earnings. The business is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Tanzanian Gold will report full year earnings of ($0.03) per share for the current financial year. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Tanzanian Gold.

Separately, StockNews.com assumed coverage on Tanzanian Gold in a report on Monday. They set a “sell” rating for the company.

Shares of NYSE TRX remained flat at $$0.31 during mid-day trading on Wednesday. The stock had a trading volume of 753,459 shares, compared to its average volume of 1,672,616. Tanzanian Gold has a twelve month low of $0.29 and a twelve month high of $0.60. The company has a market capitalization of $85.05 million, a price-to-earnings ratio of -15.50 and a beta of 0.76. The stock has a 50-day simple moving average of $0.35.

About Tanzanian Gold (Get Rating)

Tanzanian Gold Corporation engages in the acquisition, financing, exploration and development 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 located in north-central Tanzania. The company was formerly known as Tanzanian Royalty Exploration Corporation and changed its name to Tanzanian Gold Corporation in April 2019.

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