TRX Gold (NYSE:TRX) Releases Earnings Results

TRX Gold (NYSE:TRX) released its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, RTT News reports. TRX Gold had a return on equity of 2.21% and a net margin of 6.11%.

TRX Gold Trading Down 4.0%

Shares of TRX Gold stock opened at $0.96 on Friday. The firm has a market cap of $274.42 million, a PE ratio of -96.00 and a beta of 0.29. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 0.03. TRX Gold has a fifty-two week low of $0.27 and a fifty-two week high of $1.02. The business’s fifty day moving average is $0.82 and its two-hundred day moving average is $0.60.

Wall Street Analyst Weigh In

Several research firms have weighed in on TRX. Roth Capital reissued a “buy” rating and issued a $1.25 target price on shares of TRX Gold in a report on Friday, December 12th. HC Wainwright lifted their target price on shares of TRX Gold from $1.40 to $1.50 and gave the stock a “buy” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $1.38.

Institutional Trading of TRX Gold

A number of hedge funds have recently added to or reduced their stakes in TRX. Jane Street Group LLC grew its holdings in TRX Gold by 157.7% in the 2nd 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 during the period. Evergreen Capital Management LLC acquired a new position in shares of TRX Gold during the 2nd quarter valued at $136,000. BNP Paribas Financial Markets increased its holdings in TRX Gold by 7.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 454,570 shares of the company’s stock valued at $152,000 after purchasing an additional 31,203 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in TRX Gold by 50.4% in the third quarter. Citadel Advisors LLC now owns 442,851 shares of the company’s stock valued at $276,000 after purchasing an additional 148,330 shares during the period. 1.06% of the stock is owned by institutional investors and hedge funds.

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.