Investment analysts at StockNews.com started coverage on shares of TRX Gold (NYSE:TRX - Get Free Report) in a research note issued to investors on Saturday. The brokerage set a "hold" rating on the stock.
Separately, HC Wainwright restated a "buy" rating and set a $1.50 target price (up from $1.40) on shares of TRX Gold in a report on Tuesday, December 3rd.
View Our Latest Report on TRX
TRX Gold Price Performance
NYSE TRX traded down $0.01 on Friday, reaching $0.30. The company's stock had a trading volume of 1,189,554 shares, compared to its average volume of 352,048. TRX Gold has a twelve month low of $0.29 and a twelve month high of $0.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.84 and a quick ratio of 0.54. The firm's 50 day moving average is $0.37 and its two-hundred day moving average is $0.39.
Institutional Investors Weigh In On TRX Gold
Several hedge funds have recently modified their holdings of the stock. Ground Swell Capital LLC raised its holdings in 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. Virtu Financial LLC purchased a new position in shares of TRX Gold in the third quarter worth approximately $52,000. Finally, HighTower Advisors LLC increased its position in shares of TRX Gold by 9.6% in the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company's stock worth $130,000 after acquiring an additional 29,416 shares in the last quarter. 1.06% of the stock is owned by hedge funds and other institutional investors.
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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