Zacks Research Has Negative Outlook of TRX Gold Q4 Earnings

TRX Gold Co. (NYSEAMERICAN:TRX) – Research analysts at Zacks Research reduced their Q4 2026 earnings per share estimates for shares of TRX Gold in a report released on Wednesday, July 22nd. Zacks Research analyst R. Wortel now anticipates that the company will post earnings of $0.02 per share for the quarter, down from their previous forecast of $0.05. The consensus estimate for TRX Gold’s current full-year earnings is ($0.01) per share.

Separately, HC Wainwright reissued a “buy” rating and set a $2.30 price objective on shares of TRX Gold in a research note on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, TRX Gold currently has a consensus rating of “Buy” and a consensus target price of $2.27.

TRX Gold Price Performance

NYSEAMERICAN:TRX opened at $0.78 on Friday. TRX Gold has a one year low of $0.33 and a one year high of $2.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 2.20. The stock has a market cap of $255.43 million, a PE ratio of -13.00 and a beta of 0.30. The stock has a 50 day moving average price of $0.91 and a 200 day moving average price of $1.25.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TRX. Jane Street Group LLC raised its stake in shares of TRX Gold by 157.7% in the 2nd quarter. Jane Street Group LLC now owns 108,573 shares of the company’s stock valued at $36,000 after acquiring an additional 66,437 shares during the period. BNP Paribas Financial Markets boosted its position in shares of TRX Gold by 7.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 454,570 shares of the company’s stock worth $152,000 after purchasing an additional 31,203 shares during the period. Evergreen Capital Management LLC purchased a new position in shares of TRX Gold during the 2nd quarter worth approximately $136,000. Citadel Advisors LLC increased its holdings in 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 purchasing an additional 148,330 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in TRX Gold by 144.1% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,817,781 shares of the company’s stock valued at $1,685,000 after purchasing an additional 1,073,200 shares during the last quarter. 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.