Traders Purchase High Volume of Call Options on TRX Gold (NYSEAMERICAN:TRX)

TRX Gold Co. (NYSEAMERICAN:TRX) saw unusually large options trading on Monday. Traders bought 23,608 call options on the company. This is an increase of approximately 5,352% compared to the typical daily volume of 433 call options.

Hedge Funds Weigh In On TRX Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRX. MAI Capital Management purchased a new position in TRX Gold during the 3rd quarter worth approximately $30,000. Jane Street Group LLC grew its holdings in shares of TRX Gold by 157.7% during the second quarter. Jane Street Group LLC now owns 108,573 shares of the company’s stock valued at $36,000 after buying an additional 66,437 shares in the last quarter. Virginia Wealth Management Group Inc. purchased a new position in shares of TRX Gold during the third quarter valued at $62,000. Evergreen Capital Management LLC acquired a new position in TRX Gold during the second quarter valued at $136,000. Finally, BNP Paribas Financial Markets lifted its stake in TRX Gold by 7.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 454,570 shares of the company’s stock worth $152,000 after acquiring an additional 31,203 shares in the last quarter. Institutional investors and hedge funds own 1.06% of the company’s stock.

TRX Gold Trading Up 9.4%

Shares of NYSEAMERICAN TRX opened at $1.52 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 1.09 and a debt-to-equity ratio of 0.04. TRX Gold has a 12 month low of $0.27 and a 12 month high of $1.53. The company has a market cap of $438.00 million, a price-to-earnings ratio of -152.00 and a beta of 0.29. The business has a fifty day simple moving average of $0.89 and a 200-day simple moving average of $0.65.

TRX Gold (NYSEAMERICAN:TRX) last posted its quarterly earnings data on Thursday, January 15th. The company reported ($0.01) earnings per share (EPS) for the quarter. TRX Gold had a positive return on equity of 10.43% and a negative net margin of 6.36%. Sell-side analysts predict that TRX Gold will post 0.04 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TRX shares. HC Wainwright lifted their target price on TRX Gold from $1.40 to $1.50 and gave the stock a “buy” rating in a report on Friday, January 16th. Roth Mkm reissued a “buy” rating and issued a $1.25 price target on shares of TRX Gold in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $1.38.

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. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022.