TRX Gold (NYSE:TRX) PT Raised to $1.40

TRX Gold (NYSE:TRX) had its price objective increased by HC Wainwright from $1.30 to $1.40 in a research report sent to investors on Tuesday morning, Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Separately, StockNews.com began coverage on shares of TRX Gold in a report on Tuesday, April 9th. They set a hold rating for the company.

TRX Gold Trading Up 14.9 %

Shares of TRX stock opened at $0.47 on Tuesday. The company’s fifty day simple moving average is $0.38 and its 200-day simple moving average is $0.38. TRX Gold has a 52 week low of $0.31 and a 52 week high of $0.60. The company has a market cap of $132.29 million, a PE ratio of 47.48 and a beta of 0.65.

TRX Gold (NYSE:TRX) last released its quarterly earnings results on Friday, April 12th. The company reported $0.01 earnings per share (EPS) for the quarter. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.68%. The firm had revenue of $7.98 million for the quarter, compared to the consensus estimate of $9.40 million. Equities research analysts expect that TRX Gold will post 0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TRX. Renaissance Technologies LLC boosted its holdings in shares of TRX Gold by 325.1% in the 1st quarter. Renaissance Technologies LLC now owns 611,000 shares of the company’s stock valued at $189,000 after buying an additional 467,274 shares during the period. Virtu Financial LLC acquired a new position in shares of TRX Gold in the 1st quarter valued at about $45,000. HighTower Advisors LLC boosted its holdings in shares of TRX Gold by 12.8% in the 4th quarter. HighTower Advisors LLC now owns 297,190 shares of the company’s stock valued at $99,000 after buying an additional 33,690 shares during the period. Morgan Stanley boosted its holdings in shares of TRX Gold by 19.7% in the 4th quarter. Morgan Stanley now owns 179,454 shares of the company’s stock valued at $61,000 after buying an additional 29,575 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of TRX Gold by 493.1% in the 4th quarter. Millennium Management LLC now owns 254,416 shares of the company’s stock valued at $86,000 after buying an additional 211,523 shares during the period. 1.06% of the stock is owned by institutional investors and hedge funds.

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.