TRX Gold’s (TRX) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their buy rating on shares of TRX Gold (NYSEAMERICAN:TRX) in a report published on Thursday morning,Benzinga reports. They currently have a $2.30 target price on the stock.

Separately, Roth Mkm set a $2.25 price target on TRX Gold and gave the company a “buy” rating in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $2.28.

TRX Gold Trading Down 4.1%

NYSEAMERICAN TRX opened at $1.40 on Thursday. The business’s 50-day moving average price is $1.61 and its two-hundred day moving average price is $1.13. TRX Gold has a 12 month low of $0.30 and a 12 month high of $2.80. The firm has a market capitalization of $456.30 million, a PE ratio of -20.00 and a beta of 0.48. The company has a current ratio of 1.09, a quick ratio of 0.56 and a debt-to-equity ratio of 0.04.

TRX Gold (NYSEAMERICAN:TRX) last released its quarterly earnings results on Thursday, January 15th. The company reported ($0.01) EPS for the quarter. TRX Gold had a negative net margin of 23.45% and a negative return on equity of 14.35%. On average, analysts expect that TRX Gold will post 0.04 EPS for the current year.

Institutional Investors Weigh In On TRX Gold

Several large investors have recently added to or reduced their stakes in TRX. Cetera Investment Advisers grew its stake in TRX Gold by 54.4% during the fourth quarter. Cetera Investment Advisers now owns 28,373 shares of the company’s stock worth $26,000 after purchasing an additional 10,000 shares during the period. MAI Capital Management acquired a new stake in TRX Gold during the third quarter worth approximately $30,000. Jane Street Group LLC grew its stake in TRX Gold by 157.7% during the second quarter. Jane Street Group LLC now owns 108,573 shares of the company’s stock worth $36,000 after purchasing an additional 66,437 shares during the period. SPWM Advisors LLC acquired a new stake in TRX Gold during the fourth quarter worth approximately $51,000. Finally, Virginia Wealth Management Group Inc. acquired a new stake in TRX Gold during the third quarter worth approximately $62,000. 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. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022.