StockNews.com started coverage on shares of TRX Gold (NYSE:TRX – Free Report) in a research report report published on Friday morning. The firm issued a hold rating on the stock.
Several other brokerages also recently commented on TRX. HC Wainwright raised their target price on TRX Gold from $1.30 to $1.40 and gave the stock a buy rating in a research note on Tuesday, April 16th. Alliance Global Partners increased their price target on shares of TRX Gold from $1.50 to $1.75 and gave the stock a buy rating in a report on Tuesday, April 16th.
TRX Gold Stock Down 1.6 %
TRX Gold (NYSE:TRX – Get Free Report) last issued its earnings results on Friday, April 12th. The company reported $0.01 earnings per share (EPS) for the quarter. TRX Gold had a net margin of 0.70% and a negative return on equity of 1.66%. The business had revenue of $7.98 million for the quarter, compared to analysts’ expectations of $9.40 million. Equities analysts expect that TRX Gold will post 0.03 EPS for the current year.
Institutional Trading of TRX Gold
A hedge fund recently bought a new stake in TRX Gold stock. Integrity Wealth Solutions LLC bought a new position in TRX Gold Co. (NYSE:TRX – Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned 0.10% of TRX Gold as of its most recent SEC filing. Institutional investors and hedge funds own 1.06% of the company’s stock.
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.
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