StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX - Free Report) in a report issued on Saturday. The brokerage issued a hold rating on the stock.
Separately, HC Wainwright restated a "buy" rating and issued a $1.50 price objective (up from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.
View Our Latest Stock Report on TRX
TRX Gold Stock Performance
NYSE:TRX traded up $0.00 during trading hours on Friday, reaching $0.32. The stock had a trading volume of 170,150 shares, compared to its average volume of 426,414. TRX Gold has a 12-month low of $0.29 and a 12-month high of $0.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.51 and a current ratio of 0.83. The stock has a 50 day simple moving average of $0.32 and a 200 day simple moving average of $0.36.
Hedge Funds Weigh In On TRX Gold
Hedge funds have recently made changes to their positions in the stock. Rossby Financial LCC purchased a new position in TRX Gold during the 4th quarter valued at about $255,000. BNP Paribas Financial Markets bought a new stake in TRX Gold during the 4th quarter worth approximately $120,000. Virtu Financial LLC bought a new position in TRX Gold in the 3rd quarter valued at $52,000. Sprott Inc. grew its position in shares of TRX Gold by 506.7% during the 4th quarter. Sprott Inc. now owns 145,454 shares of the company's stock valued at $45,000 after purchasing an additional 121,479 shares in the last quarter. Finally, Ground Swell Capital LLC increased 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 worth $29,000 after purchasing an additional 48,705 shares during the period. 1.06% of the stock is currently owned by hedge funds and other institutional investors.
TRX Gold Company Profile
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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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