TRX Gold (NYSE:TRX) Now Covered by StockNews.com

Equities research analysts at StockNews.com started coverage on shares of TRX Gold (NYSE:TRXGet Rating) in a report released on Wednesday. The firm set a “sell” rating on the stock.

Separately, HC Wainwright upped their price target on shares of TRX Gold from $0.70 to $1.00 and gave the company a “buy” rating in a research note on Thursday, September 1st.

TRX Gold Trading Down 1.8 %

Shares of NYSE:TRX opened at $0.49 on Wednesday. The stock has a market cap of $135.31 million, a PE ratio of -24.50 and a beta of 0.72. The stock’s fifty day simple moving average is $0.45 and its two-hundred day simple moving average is $0.37. TRX Gold has a 1-year low of $0.26 and a 1-year high of $0.55.

TRX Gold (NYSE:TRXGet Rating) last released its quarterly earnings results on Thursday, July 14th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $5.73 million for the quarter, compared to the consensus estimate of $4.00 million. On average, sell-side analysts forecast that TRX Gold will post 0.01 earnings per share for the current fiscal year.

About TRX Gold

(Get Rating)

TRX 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 Gold Corporation and changed its name to TRX Gold Corporation in May 2022.

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