HC Wainwright Forecasts Reduced Earnings for TRX Gold

TRX Gold Co. (NYSE:TRX) – Equities researchers at HC Wainwright lowered their FY2025 earnings per share (EPS) estimates for shares of TRX Gold in a research note issued on Wednesday, July 16th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of $0.00 for the year, down from their previous forecast of $0.02. HC Wainwright currently has a “Buy” rating and a $1.10 target price on the stock. The consensus estimate for TRX Gold’s current full-year earnings is $0.04 per share. HC Wainwright also issued estimates for TRX Gold’s FY2026 earnings at $0.04 EPS.

Separately, Wall Street Zen started coverage on TRX Gold in a report on Thursday, May 22nd. They set a “hold” rating for the company.

TRX Gold Stock Down 0.6%

TRX opened at $0.34 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51. The business has a 50 day simple moving average of $0.33 and a 200-day simple moving average of $0.32. The stock has a market capitalization of $96.75 million, a P/E ratio of -34.20 and a beta of 0.24. TRX Gold has a 12 month low of $0.27 and a 12 month high of $0.44.

Hedge Funds Weigh In On TRX Gold

Hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Sense Advisors Inc. raised its holdings in TRX Gold by 41.5% during the first quarter. Financial Sense Advisors Inc. now owns 238,483 shares of the company’s stock worth $74,000 after purchasing an additional 70,000 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in TRX Gold during the fourth quarter worth $120,000. Finally, Rossby Financial LCC purchased a new position in TRX Gold during the fourth quarter worth $255,000. 1.06% of the stock is owned by institutional investors and hedge funds.

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.