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

Stock analysts at StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the stock.

Several other equities analysts have also commented on the stock. TheStreet lowered shares of TRX Gold from a “c-” rating to a “d+” rating in a report on Tuesday, May 30th. HC Wainwright boosted their target price on TRX Gold from $1.10 to $1.30 in a research report on Thursday, July 20th.

TRX Gold Trading Down 2.0 %

Shares of TRX stock opened at $0.38 on Wednesday. The firm’s 50 day moving average is $0.41 and its 200 day moving average is $0.44. The stock has a market capitalization of $105.61 million, a P/E ratio of -38.14 and a beta of 0.88. TRX Gold has a 12 month low of $0.31 and a 12 month high of $0.60.

Institutional Trading of TRX Gold

A number of institutional investors have recently modified their holdings of TRX. Renaissance Technologies LLC lifted its holdings in TRX Gold by 325.1% during the first quarter. Renaissance Technologies LLC now owns 611,000 shares of the company’s stock valued at $189,000 after purchasing an additional 467,274 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of TRX Gold during the second quarter worth about $119,000. Millennium Management LLC raised its stake in shares of TRX Gold by 493.1% during the 4th quarter. Millennium Management LLC now owns 254,416 shares of the company’s stock worth $86,000 after buying an additional 211,523 shares in the last quarter. Guild Investment Management Inc. boosted its position in TRX Gold by 47.3% during the first quarter. Guild Investment Management Inc. now owns 498,000 shares of the company’s stock worth $240,000 after purchasing an additional 160,000 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in TRX Gold in the 1st quarter valued at about $45,000. 1.57% of the stock is currently owned by institutional investors.

TRX Gold Company Profile

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.