Tanzanian Gold (NYSEAMERICAN:TRX) Now Covered by HC Wainwright

Stock analysts at HC Wainwright began coverage on shares of Tanzanian Gold (NYSEAMERICAN:TRXGet Rating) (NYSEMKT:TRX) in a research report issued on Tuesday, The Fly reports. The brokerage set a “buy” rating on the basic materials company’s stock.

Separately, Zacks Investment Research raised shares of Tanzanian Gold from a “hold” rating to a “buy” rating and set a $0.25 target price for the company in a research note on Thursday, April 21st.

TRX stock opened at $0.32 on Tuesday. The stock has a market cap of $86.69 million, a PE ratio of -15.80 and a beta of 0.83. Tanzanian Gold has a 52 week low of $0.26 and a 52 week high of $0.60.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new stake in shares of Tanzanian Gold in the 1st quarter valued at approximately $45,000. Renaissance Technologies LLC purchased a new stake in shares of Tanzanian Gold in the 4th quarter valued at approximately $57,000. Finally, Guild Investment Management Inc. lifted its holdings in shares of Tanzanian Gold by 14.3% in the 4th quarter. Guild Investment Management Inc. now owns 400,000 shares of the basic materials company’s stock worth $158,000 after acquiring an additional 50,000 shares during the last quarter. 0.97% of the stock is owned by institutional investors.

Tanzanian Gold Company Profile (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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