StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX - Free Report) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the stock.
Separately, HC Wainwright reissued a "buy" rating and issued a $1.50 target price (up from $1.40) on shares of TRX Gold in a report on Tuesday, December 3rd.
Get Our Latest Report on TRX Gold
TRX Gold Stock Down 0.2 %
TRX stock traded down $0.00 during trading on Tuesday, hitting $0.33. 212,802 shares of the stock traded hands, compared to its average volume of 405,138. TRX Gold has a one year low of $0.29 and a one year high of $0.49. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $0.34 and a 200 day simple moving average of $0.38.
Institutional Investors Weigh In On TRX Gold
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in TRX Gold during the 3rd quarter worth $52,000. Ground Swell Capital LLC increased its stake in shares of TRX Gold by 201.9% in the 3rd quarter. Ground Swell Capital LLC now owns 72,823 shares of the company's stock valued at $29,000 after acquiring an additional 48,705 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of TRX Gold by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company's stock valued at $130,000 after acquiring an additional 29,416 shares during the last quarter. Institutional investors and hedge funds own 1.06% of the company's stock.
About TRX Gold
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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.
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