TRX Gold (NYSE:TRX) Posts Earnings Results

TRX Gold (NYSE:TRX) issued its quarterly earnings results on Friday. The company reported $0.01 earnings per share for the quarter, Yahoo Finance reports. The company had revenue of $7.98 million during the quarter, compared to analyst estimates of $9.40 million. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.68%.

TRX Gold Stock Performance

TRX Gold stock opened at $0.42 on Monday. The firm has a market cap of $116.03 million, a price-to-earnings ratio of 41.60 and a beta of 0.65. TRX Gold has a 1 year low of $0.31 and a 1 year high of $0.60. The firm’s 50 day moving average price is $0.37 and its two-hundred day moving average price is $0.38.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of TRX Gold in a research note on Tuesday, April 9th. They set a “hold” rating for the company.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TRX. Virtu Financial LLC grew its position in TRX Gold by 211.1% in the fourth quarter. Virtu Financial LLC now owns 109,558 shares of the company’s stock worth $37,000 after buying an additional 74,338 shares during the last quarter. Bedel Financial Consulting Inc. acquired a new position in TRX Gold in the second quarter worth approximately $44,000. Morgan Stanley boosted its stake in TRX Gold by 19.7% in the 4th quarter. Morgan Stanley now owns 179,454 shares of the company’s stock worth $61,000 after purchasing an additional 29,575 shares during the period. Millennium Management LLC boosted its stake in TRX Gold by 493.1% in the 4th quarter. Millennium Management LLC now owns 254,416 shares of the company’s stock worth $86,000 after purchasing an additional 211,523 shares during the period. Finally, HighTower Advisors LLC boosted its stake in TRX Gold by 12.8% in the 4th quarter. HighTower Advisors LLC now owns 297,190 shares of the company’s stock worth $99,000 after purchasing an additional 33,690 shares during the period. Institutional investors and hedge funds own 1.06% of the company’s stock.

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.