TRX Gold (NYSE:TRX) Now Covered by StockNews.com

StockNews.com began coverage on shares of TRX Gold (NYSE:TRX) in a report released on Saturday. The brokerage issued a hold rating on the stock.

Separately, HC Wainwright reissued a “buy” rating and set a $1.50 price objective (up from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.

TRX Gold Stock Down 2.0 %

Shares of NYSE TRX opened at $0.32 on Friday. The business’s 50 day moving average is $0.32 and its two-hundred day moving average is $0.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51. TRX Gold has a 1-year low of $0.29 and a 1-year high of $0.49.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. HighTower Advisors LLC grew its stake in shares of TRX Gold by 9.6% during the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock valued at $130,000 after buying an additional 29,416 shares during the last quarter. Financial Sense Advisors Inc. grew its stake in shares of TRX Gold by 24.3% during the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after buying an additional 32,991 shares during the last quarter. Ground Swell Capital LLC boosted its holdings in shares of TRX Gold by 201.9% in the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock valued at $29,000 after purchasing an additional 48,705 shares during the period. Sprott Inc. boosted its holdings in shares of TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock valued at $45,000 after purchasing an additional 121,479 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of TRX Gold in the third quarter valued at approximately $52,000. Institutional investors own 1.06% of the company’s stock.

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.