HC Wainwright Brokers Reduce Earnings Estimates for TRX Gold

TRX Gold Co. (NYSEAMERICAN:TRX) – Equities researchers at HC Wainwright reduced their FY2026 earnings per share estimates for TRX Gold in a research note issued on Thursday, April 16th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of ($0.03) per share for the year, down from their prior forecast of $0.06. HC Wainwright currently has a “Buy” rating and a $2.30 target price on the stock. The consensus estimate for TRX Gold’s current full-year earnings is $0.01 per share.

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

TRX Gold Stock Performance

Shares of TRX stock opened at $1.29 on Wednesday. TRX Gold has a 1-year low of $0.30 and a 1-year high of $2.80. The company has a current ratio of 2.37, a quick ratio of 1.52 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $420.45 million, a price-to-earnings ratio of -18.43 and a beta of 0.48. The stock’s fifty day simple moving average is $1.58 and its 200-day simple moving average is $1.15.

Institutional Trading of TRX Gold

Several large investors have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. boosted its stake in shares of TRX Gold by 144.1% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,817,781 shares of the company’s stock worth $1,685,000 after acquiring an additional 1,073,200 shares in the last quarter. Marshall Wace LLP bought a new position in TRX Gold during the fourth quarter worth $1,658,000. Jane Street Group LLC raised its stake in shares of TRX Gold by 4,455.7% in the 4th quarter. Jane Street Group LLC now owns 729,779 shares of the company’s stock valued at $672,000 after buying an additional 713,760 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of TRX Gold by 6.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 482,536 shares of the company’s stock valued at $301,000 after buying an additional 27,966 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of TRX Gold by 50.4% in the 3rd quarter. Citadel Advisors LLC now owns 442,851 shares of the company’s stock valued at $276,000 after buying an additional 148,330 shares in the last quarter. Institutional investors 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.