TRX Gold (NYSE:TRX) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a research report issued on Wednesday. The firm set a “hold” rating on the stock.

Separately, HC Wainwright reiterated a “buy” rating and issued a $1.40 price objective on shares of TRX Gold in a report on Tuesday, July 16th.

TRX Gold Price Performance

NYSE TRX opened at $0.40 on Wednesday. TRX Gold has a one year low of $0.31 and a one year high of $0.49. The firm has a 50 day simple moving average of $0.40 and a 200-day simple moving average of $0.42.

TRX Gold (NYSE:TRX) last posted its quarterly earnings results on Friday, July 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). TRX Gold had a negative net margin of 3.06% and a negative return on equity of 3.84%. The company had revenue of $10.15 million during the quarter, compared to analyst estimates of $12.50 million. Equities research analysts expect that TRX Gold will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On TRX Gold

An institutional investor recently bought a new position in TRX Gold stock. Integrity Wealth Solutions LLC acquired a new position in shares of TRX Gold Co. (NYSE:TRX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned approximately 0.10% of TRX Gold at the end of the most recent quarter. 1.06% of the stock is owned by hedge funds and other 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.