StockNews.com started coverage on shares of TRX Gold (NYSE:TRX - Free Report) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the stock.
Separately, HC Wainwright reissued a "buy" rating and set a $1.50 target price (up previously from $1.40) on shares of TRX Gold in a research report on Tuesday.
Read Our Latest Analysis on TRX
TRX Gold Stock Performance
NYSE:TRX traded down $0.01 on Thursday, reaching $0.35. 519,308 shares of the stock traded hands, compared to its average volume of 338,208. The company's 50 day moving average is $0.38 and its 200-day moving average is $0.40. TRX Gold has a 1-year low of $0.31 and a 1-year high of $0.49.
Institutional Trading of TRX Gold
Several large investors have recently modified their holdings of TRX. Virtu Financial LLC acquired a new stake in shares of TRX Gold during the 3rd quarter worth approximately $52,000. Ground Swell Capital LLC grew its position in shares of TRX Gold by 201.9% during the 3rd 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. Finally, HighTower Advisors LLC grew its position 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 worth $130,000 after buying an additional 29,416 shares during the period. Institutional investors and hedge funds own 1.06% of the company's stock.
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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