TRX Gold Sees Unusually Large Options Volume (NYSEAMERICAN:TRX)

TRX Gold Co. (NYSEAMERICAN:TRX) saw some unusual options trading on Monday. Investors bought 23,608 call options on the company. This represents an increase of 5,352% compared to the typical volume of 433 call options.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TRX shares. Roth Mkm reissued a “buy” rating and set a $1.25 price target on shares of TRX Gold in a research report on Friday, December 12th. HC Wainwright upped their target price on shares of TRX Gold from $1.40 to $1.50 and gave the stock a “buy” rating in a research note on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $1.38.

TRX Gold Stock Up 21.9%

TRX stock opened at $1.39 on Tuesday. The company’s 50 day moving average price is $0.87 and its 200 day moving average price is $0.64. The firm has a market capitalization of $400.54 million, a price-to-earnings ratio of -139.00 and a beta of 0.29. TRX Gold has a fifty-two week low of $0.27 and a fifty-two week high of $1.47. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.56 and a current ratio of 1.09.

TRX Gold (NYSEAMERICAN:TRX) last posted its quarterly earnings results on Thursday, January 15th. The company reported ($0.01) EPS for the quarter. TRX Gold had a positive return on equity of 10.43% and a negative net margin of 6.36%. On average, equities research analysts anticipate that TRX Gold will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On TRX Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRX. MAI Capital Management acquired a new position in shares of TRX Gold in the 3rd quarter valued at $30,000. Jane Street Group LLC boosted its stake in TRX Gold by 157.7% during the 2nd 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. Virginia Wealth Management Group Inc. purchased a new position in TRX Gold during the 3rd quarter worth $62,000. Evergreen Capital Management LLC acquired a new position in TRX Gold in the second quarter valued at $136,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of TRX Gold by 7.4% in the second quarter. BNP Paribas Financial Markets now owns 454,570 shares of the company’s stock valued at $152,000 after buying an additional 31,203 shares during the last quarter. 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. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022.