FY2025 Earnings Estimate for TRX Gold Co. (NYSE:TRX) Issued By Roth Capital

TRX Gold Co. (NYSE:TRX) – Analysts at Roth Capital increased their FY2025 earnings estimates for shares of TRX Gold in a research report issued on Wednesday, April 17th. Roth Capital analyst M. Niehuser now expects that the company will earn $0.08 per share for the year, up from their previous estimate of $0.07. The consensus estimate for TRX Gold’s current full-year earnings is $0.03 per share.

Other analysts also recently issued research reports about the stock. HC Wainwright raised their price target on shares of TRX Gold from $1.30 to $1.40 and gave the company a “buy” rating in a report on Tuesday. Alliance Global Partners raised their price target on shares of TRX Gold from $1.50 to $1.75 and gave the company a “buy” rating in a report on Tuesday. Finally, StockNews.com started coverage on shares of TRX Gold in a report on Wednesday. They set a “hold” rating on the stock.

TRX Gold Stock Up 3.3 %

Shares of NYSE TRX opened at $0.46 on Thursday. The firm’s 50-day moving average price is $0.38 and its 200-day moving average price is $0.38. The company has a market cap of $128.61 million, a PE ratio of 46.16 and a beta of 0.65. TRX Gold has a 52-week low of $0.31 and a 52-week high of $0.60.

TRX Gold (NYSE:TRX) last announced its quarterly earnings data on Friday, April 12th. The company reported $0.01 EPS for the quarter. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.66%. The company had revenue of $7.98 million for the quarter, compared to the consensus estimate of $9.40 million.

Hedge Funds Weigh In On TRX Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. Bedel Financial Consulting Inc. purchased a new position in shares of TRX Gold in the second quarter worth approximately $44,000. Virtu Financial LLC boosted its holdings in shares of 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. Morgan Stanley boosted its holdings in shares of TRX Gold by 19.7% in the fourth quarter. Morgan Stanley now owns 179,454 shares of the company’s stock worth $61,000 after buying an additional 29,575 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of TRX Gold by 493.1% in the fourth quarter. Millennium Management LLC now owns 254,416 shares of the company’s stock worth $86,000 after buying an additional 211,523 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of TRX Gold by 770.5% in the third quarter. Renaissance Technologies LLC now owns 289,893 shares of the company’s stock worth $113,000 after buying an additional 256,593 shares during the last quarter. Hedge funds and other institutional investors own 1.06% of the company’s stock.

About TRX Gold

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.