Research analysts at StockNews.com started coverage on shares of TRX Gold (NYSE:TRX - Get Free Report) in a research note issued to investors on Monday. The brokerage set a "hold" rating on the stock.
Separately, HC Wainwright reiterated a "buy" rating and issued a $1.50 target price (up from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.
Read Our Latest Stock Analysis on TRX Gold
TRX Gold Trading Up 0.5 %
TRX traded up $0.00 on Monday, hitting $0.30. The company had a trading volume of 343,747 shares, compared to its average volume of 420,838. TRX Gold has a 1-year low of $0.29 and a 1-year high of $0.49. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 0.03. The company's fifty day moving average price is $0.32 and its 200 day moving average price is $0.35.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Rossby Financial LCC acquired a new position in shares of TRX Gold during the fourth quarter valued at about $255,000. BNP Paribas Financial Markets bought a new stake in shares of TRX Gold during the fourth quarter valued at approximately $120,000. Virtu Financial LLC acquired a new position in shares of TRX Gold in the third quarter valued at $52,000. Sprott Inc. raised its stake in shares of TRX Gold by 506.7% in the fourth 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 lifted its position in 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 owned by institutional investors.
TRX Gold Company Profile
(
Get Free Report)
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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