TRX Gold Co. (TSE:TNX) to Post FY2023 Earnings of $0.03 Per Share, HC Wainwright Forecasts

TRX Gold Co. (TSE:TNX – Get Rating) (NYSE:TRX) – Equities researchers at HC Wainwright upped their FY2023 EPS estimates for TRX Gold in a report issued on Wednesday, January 18th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of $0.03 for the year, up from their prior estimate of $0.01. The consensus estimate for TRX Gold’s current full-year earnings is $0.05 per share.

TRX Gold Stock Up 4.9 %

Shares of TNX opened at C$0.64 on Friday. The firm has a market cap of C$177.02 million and a PE ratio of -14.55. The company’s fifty day moving average is C$0.48 and its two-hundred day moving average is C$0.53. TRX Gold has a fifty-two week low of C$0.35 and a fifty-two week high of C$0.71. The company has a quick ratio of 0.64, a current ratio of 0.92 and a debt-to-equity ratio of 23.52.

TRX Gold (TSE:TNX – Get Rating) (NYSE:TRX) last announced its quarterly earnings results on Tuesday, November 29th. The company reported C($0.03) earnings per share for the quarter. The business had revenue of C$7.77 million for the quarter, compared to the consensus estimate of C$8.13 million.

TRX Gold Company Profile

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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.