TRX Gold (NYSE:TRX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX) in a report published on Friday. The brokerage issued a hold rating on the stock.

Separately, HC Wainwright reissued a “buy” rating and issued a $1.40 price target on shares of TRX Gold in a research report on Tuesday, July 16th.

TRX Gold Price Performance

Shares of TRX opened at $0.41 on Friday. TRX Gold has a 52 week low of $0.31 and a 52 week high of $0.49. The stock has a 50 day moving average price of $0.39 and a two-hundred day moving average price of $0.42.

Hedge Funds Weigh In On TRX Gold

An institutional investor recently bought a new position in TRX Gold stock. Integrity Wealth Solutions LLC purchased a new stake in shares of TRX Gold Co. (NYSE:TRX) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned about 0.10% of TRX Gold at the end of the most recent quarter. Hedge funds and other 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.