Equities researchers at StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX - Get Free Report) in a research report issued on Monday. The firm set a "hold" rating on the stock.
Separately, HC Wainwright reissued a "buy" rating and issued a $1.50 price target (up previously from $1.40) on shares of TRX Gold in a research note on Tuesday, December 3rd.
Read Our Latest Report on TRX
TRX Gold Stock Performance
Shares of NYSE TRX traded down $0.00 during midday trading on Monday, hitting $0.32. The stock had a trading volume of 475,770 shares, compared to its average volume of 501,190. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 0.01. TRX Gold has a fifty-two week low of $0.29 and a fifty-two week high of $0.49. The company's 50-day simple moving average is $0.35 and its 200 day simple moving average is $0.38.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ground Swell Capital LLC raised its holdings 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. Virtu Financial LLC bought a new stake in shares of TRX Gold in the 3rd quarter valued at $52,000. Finally, HighTower Advisors LLC raised its stake in 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 own 1.06% of the company's stock.
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.
Recommended Stories
Before you consider TRX Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TRX Gold wasn't on the list.
While TRX Gold currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
