StockNews.com started coverage on shares of TRX Gold (NYSE:TRX - Free Report) in a research note published on Thursday. 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 report on Tuesday, December 3rd.
Check Out Our Latest Research Report on TRX Gold
TRX Gold Stock Performance
Shares of TRX stock traded down $0.00 during trading hours on Thursday, hitting $0.32. 270,056 shares of the company's stock traded hands, compared to its average volume of 396,560. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51. The stock's fifty day simple moving average is $0.31 and its two-hundred day simple moving average is $0.35. TRX Gold has a 12-month low of $0.29 and a 12-month high of $0.49.
Institutional Trading of TRX Gold
A number of institutional investors and hedge funds have recently modified their holdings of the business. Sprott Inc. boosted its position in shares of TRX Gold by 506.7% during the fourth quarter. Sprott Inc. now owns 145,454 shares of the company's stock valued at $45,000 after buying an additional 121,479 shares during the last quarter. Financial Sense Advisors Inc. lifted its stake in TRX Gold by 24.3% during the 4th quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company's stock valued at $52,000 after acquiring an additional 32,991 shares during the period. Virtu Financial LLC purchased a new stake in shares of TRX Gold during the 3rd quarter valued at about $52,000. BNP Paribas Financial Markets bought a new stake in shares of TRX Gold in the fourth quarter worth approximately $120,000. Finally, HighTower Advisors LLC raised its holdings 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 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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