Q4 Earnings Estimate for TRX Gold Issued By Zacks Research

TRX Gold Co. (NYSEAMERICAN:TRX) – Zacks Research cut their Q4 2026 earnings estimates for TRX Gold in a research report issued on Wednesday, July 22nd. Zacks Research analyst R. Wortel now forecasts that the company will post earnings of $0.02 per share for the quarter, down from their prior forecast of $0.05. The consensus estimate for TRX Gold’s current full-year earnings is ($0.03) per share.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $2.30 price target on shares of TRX Gold in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $2.27.

TRX Gold Stock Down 3.5%

TRX Gold stock opened at $0.78 on Friday. TRX Gold has a 1-year low of $0.33 and a 1-year high of $2.80. The firm’s fifty day simple moving average is $0.91 and its 200-day simple moving average is $1.25. The company has a current ratio of 2.20, a quick ratio of 1.45 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $255.43 million, a P/E ratio of -13.00 and a beta of 0.30.

Institutional Investors Weigh In On TRX Gold

Several hedge funds have recently bought and sold shares of TRX. Arrowstreet Capital Limited Partnership grew its position in shares of TRX Gold by 128.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,713,800 shares of the company’s stock valued at $4,039,000 after purchasing an additional 1,524,403 shares during the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of TRX Gold by 144.1% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,817,781 shares of the company’s stock worth $1,685,000 after purchasing an additional 1,073,200 shares during the period. Marshall Wace LLP acquired a new stake in TRX Gold during the 4th quarter worth approximately $1,658,000. Renaissance Technologies LLC acquired a new stake in TRX Gold during the 1st quarter worth approximately $1,227,000. Finally, Jane Street Group LLC boosted its stake in TRX Gold by 4,455.7% in the 4th quarter. Jane Street Group LLC now owns 729,779 shares of the company’s stock valued at $672,000 after purchasing an additional 713,760 shares during the period. 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. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022.