TRX Gold (NYSE:TRX) Price Target Increased to $1.40 by Analysts at HC Wainwright

TRX Gold (NYSE:TRX) had its price target boosted by HC Wainwright from $1.30 to $1.40 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Separately, StockNews.com began coverage on TRX Gold in a research report on Tuesday, April 9th. They issued a hold rating on the stock.

TRX Gold Stock Performance

NYSE TRX opened at $0.47 on Tuesday. The company has a market capitalization of $132.29 million, a PE ratio of 47.48 and a beta of 0.65. The business’s fifty day moving average is $0.38 and its 200 day moving average is $0.38. TRX Gold has a fifty-two week low of $0.31 and a fifty-two week high of $0.60.

TRX Gold (NYSE:TRX) last announced its quarterly earnings data on Friday, April 12th. The company reported $0.01 EPS for the quarter. The business had revenue of $7.98 million for the quarter, compared to the consensus estimate of $9.40 million. TRX Gold had a negative return on equity of 1.68% and a net margin of 0.70%. On average, sell-side analysts forecast that TRX Gold will post 0.03 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TRX. Renaissance Technologies LLC boosted its position in TRX Gold by 51.9% during the 2nd quarter. Renaissance Technologies LLC now owns 995,158 shares of the company’s stock valued at $441,000 after acquiring an additional 339,930 shares in the last quarter. HighTower Advisors LLC boosted its position in TRX Gold by 12.8% during the 4th quarter. HighTower Advisors LLC now owns 297,190 shares of the company’s stock valued at $99,000 after acquiring an additional 33,690 shares in the last quarter. Millennium Management LLC boosted its position in TRX Gold by 493.1% during the 4th quarter. Millennium Management LLC now owns 254,416 shares of the company’s stock valued at $86,000 after acquiring an additional 211,523 shares in the last quarter. Morgan Stanley boosted its position in TRX Gold by 19.7% during the 4th quarter. Morgan Stanley now owns 179,454 shares of the company’s stock valued at $61,000 after acquiring an additional 29,575 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in TRX Gold during the 1st quarter valued at $45,000. Institutional investors own 1.06% of the company’s stock.

About TRX Gold

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.