Begins Coverage on TRX Gold (NYSE:TRX)

Investment analysts at started coverage on shares of TRX Gold (NYSE:TRXGet Rating) in a report issued on Thursday. The brokerage set a “sell” rating on the stock.

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

TRX Gold Stock Up 2.7 %

Shares of NYSE:TRX opened at $0.43 on Thursday. TRX Gold has a fifty-two week low of $0.26 and a fifty-two week high of $0.55. The firm has a 50-day simple moving average of $0.46 and a 200 day simple moving average of $0.38. The company has a market cap of $119.48 million, a PE ratio of -21.64 and a beta of 0.72.

TRX Gold (NYSE:TRXGet Rating) last announced its quarterly earnings data on Thursday, July 14th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $5.73 million for the quarter, compared to the consensus estimate of $4.00 million. As a group, research analysts forecast that TRX Gold will post 0.01 EPS for the current fiscal year.

TRX Gold Company Profile

(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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