PFG Private Wealth Management LLC Buys New Holdings in TRX Gold Co. $TRX

PFG Private Wealth Management LLC purchased a new position in shares of TRX Gold Co. (NYSEAMERICAN:TRX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 291,000 shares of the company’s stock, valued at approximately $182,000. PFG Private Wealth Management LLC owned about 0.10% of TRX Gold as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virginia Wealth Management Group Inc. acquired a new stake in shares of TRX Gold in the third quarter valued at approximately $62,000. Jane Street Group LLC raised its stake 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 acquiring an additional 66,437 shares during the period. Strategic Planning Inc. acquired a new stake in TRX Gold during the 3rd quarter valued at $205,000. Evergreen Capital Management LLC bought a new position in TRX Gold during the second quarter worth $136,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of TRX Gold by 7.4% in the second 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 during the last quarter. Institutional investors own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TRX. HC Wainwright raised their target price on shares of TRX Gold from $1.40 to $1.50 and gave the stock a “buy” rating in a research note on Friday, January 16th. Roth Mkm set a $2.25 price target on shares of TRX Gold and gave the company a “buy” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, TRX Gold has a consensus rating of “Buy” and an average price target of $1.88.

TRX Gold Stock Performance

Shares of TRX Gold stock opened at $1.73 on Thursday. The firm has a market capitalization of $498.52 million, a P/E ratio of -173.00 and a beta of 0.33. The company has a current ratio of 1.09, a quick ratio of 0.56 and a debt-to-equity ratio of 0.04. The business’s fifty day simple moving average is $1.12 and its 200 day simple moving average is $0.75. TRX Gold Co. has a 12 month low of $0.27 and a 12 month high of $2.80.

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%. As a group, analysts anticipate that TRX Gold Co. will post 0.04 EPS for the current year.

TRX Gold 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.