TRX Gold (NYSE:TRX) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of TRX Gold (NYSE:TRX) in a research report report published on Thursday. The firm issued a hold rating on the stock.

Separately, HC Wainwright restated a “buy” rating and issued a $1.50 target price (up previously from $1.40) on shares of TRX Gold in a research report on Tuesday, December 3rd.

TRX Gold Stock Performance

Shares of NYSE TRX opened at $0.32 on Thursday. TRX Gold has a 1 year low of $0.29 and a 1 year high of $0.49. The company has a 50 day simple moving average of $0.33 and a 200-day simple moving average of $0.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.51 and a current ratio of 0.83.

Institutional Investors Weigh In On TRX Gold

Institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of TRX Gold during the 3rd quarter worth approximately $52,000. HighTower Advisors LLC raised its position in TRX Gold by 9.6% in 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 period. Finally, Ground Swell Capital LLC lifted its stake in TRX Gold by 201.9% during 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 in the last quarter. 1.06% of the stock is currently owned by institutional investors and hedge funds.

TRX Gold Company Profile

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.