TRX Gold (NYSE:TRX) Given New $1.40 Price Target at HC Wainwright

TRX Gold (NYSE:TRX) had its price objective hoisted by HC Wainwright from $1.20 to $1.40 in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

TRX Gold Stock Down 3.8%

NYSE:TRX opened at $0.72 on Tuesday. The firm has a market capitalization of $206.25 million, a price-to-earnings ratio of -34.20 and a beta of 0.32. TRX Gold has a twelve month low of $0.27 and a twelve month high of $0.85. The stock’s 50 day moving average price is $0.67 and its two-hundred day moving average price is $0.47. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 0.03.

Institutional Trading of TRX Gold

Large investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. bought a new position in TRX Gold during the 3rd quarter worth $471,000. BNP Paribas Financial Markets grew its stake in shares of TRX Gold by 6.2% in the third quarter. BNP Paribas Financial Markets now owns 482,536 shares of the company’s stock valued at $301,000 after acquiring an additional 27,966 shares in the last quarter. Citadel Advisors LLC increased its position in TRX Gold by 50.4% during the third quarter. Citadel Advisors LLC now owns 442,851 shares of the company’s stock worth $276,000 after acquiring an additional 148,330 shares during the period. Evergreen Capital Management LLC acquired a new stake in TRX Gold in the 2nd quarter worth about $136,000. Finally, Strategic Planning Inc. acquired a new stake in TRX Gold in the 3rd quarter worth about $205,000. Institutional investors and hedge funds own 1.06% of the company’s stock.

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.