FY2024 EPS Estimates for TRX Gold Co. Increased by Roth Capital (NYSE:TRX)

TRX Gold Co. (NYSE:TRX) – Equities research analysts at Roth Capital increased their FY2024 EPS estimates for shares of TRX Gold in a research note issued on Wednesday, April 17th. Roth Capital analyst M. Niehuser now forecasts that the company will post earnings per share of $0.03 for the year, up from their prior forecast of $0.02. The consensus estimate for TRX Gold’s current full-year earnings is $0.03 per share.

TRX has been the topic of several other research reports. HC Wainwright raised their target price on shares of TRX Gold from $1.30 to $1.40 and gave the company a “buy” rating in a research note on Tuesday. Alliance Global Partners raised their target price on shares of TRX Gold from $1.50 to $1.75 and gave the company a “buy” rating in a research note on Tuesday. Finally, StockNews.com started coverage on shares of TRX Gold in a research note on Wednesday. They set a “hold” rating on the stock.

TRX Gold Stock Up 2.2 %

TRX stock opened at $0.47 on Friday. TRX Gold has a fifty-two week low of $0.31 and a fifty-two week high of $0.60. The firm’s 50-day simple moving average is $0.39 and its 200 day simple moving average is $0.38. The stock has a market cap of $131.09 million, a PE ratio of 47.00 and a beta of 0.65.

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

Hedge Funds Weigh In On TRX Gold

Several large investors have recently made changes to their positions in the business. Morgan Stanley boosted its position in shares of TRX Gold by 19.7% during the 4th quarter. Morgan Stanley now owns 179,454 shares of the company’s stock valued at $61,000 after purchasing an additional 29,575 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of TRX Gold by 12.8% during the 4th quarter. HighTower Advisors LLC now owns 297,190 shares of the company’s stock valued at $99,000 after purchasing an additional 33,690 shares in the last quarter. Virtu Financial LLC boosted its position in shares of TRX Gold by 211.1% during the 4th quarter. Virtu Financial LLC now owns 109,558 shares of the company’s stock valued at $37,000 after purchasing an additional 74,338 shares in the last quarter. Bedel Financial Consulting Inc. bought a new position in shares of TRX Gold during the 2nd quarter valued at about $44,000. Finally, Renaissance Technologies LLC boosted its position in shares of TRX Gold by 34.8% during the 1st quarter. Renaissance Technologies LLC now owns 655,228 shares of the company’s stock valued at $316,000 after purchasing an additional 169,281 shares in the last quarter. 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.