StockNews.com began coverage on shares of TRX Gold (NYSE:TRX - Free Report) in a report released on Thursday. The brokerage issued a hold rating on the stock.
Separately, HC Wainwright reaffirmed a "buy" rating and set a $1.50 target price (up previously from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.
Get Our Latest Research Report on TRX Gold
TRX Gold Stock Up 1.7 %
NYSE TRX traded up $0.01 during trading hours on Thursday, hitting $0.32. 496,214 shares of the company were exchanged, compared to its average volume of 434,908. The stock has a 50-day moving average price of $0.33 and a 200 day moving average price of $0.37. TRX Gold has a 52 week low of $0.29 and a 52 week high of $0.49. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of TRX. Ground Swell Capital LLC lifted its holdings in TRX Gold by 201.9% during the third quarter. Ground Swell Capital LLC now owns 72,823 shares of the company's stock worth $29,000 after buying an additional 48,705 shares during the period. Virtu Financial LLC purchased a new stake in shares of TRX Gold during the 3rd quarter valued at $52,000. Finally, HighTower Advisors LLC lifted its holdings in shares of TRX Gold by 9.6% during the 3rd quarter. HighTower Advisors LLC now owns 334,456 shares of the company's stock valued at $130,000 after purchasing an additional 29,416 shares during the last quarter. Institutional investors 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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