Zacks Research Has Weak Outlook for TRX Gold FY2026 Earnings

TRX Gold Co. (NYSEAMERICAN:TRX) – Analysts at Zacks Research cut their FY2026 earnings estimates for TRX Gold in a research report issued to clients and investors on Wednesday, July 22nd. Zacks Research analyst R. Wortel now expects that the company will earn ($0.05) per share for the year, down from their previous estimate of $0.01. The consensus estimate for TRX Gold’s current full-year earnings is ($0.03) per share.

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

TRX Gold Trading Up 3.0%

NYSEAMERICAN:TRX opened at $0.80 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 1.45. TRX Gold has a one year low of $0.33 and a one year high of $2.80. The company has a market cap of $263.78 million, a PE ratio of -13.39 and a beta of 0.30. The firm has a 50-day moving average of $0.91 and a 200-day moving average of $1.25.

Hedge Funds Weigh In On TRX Gold

Several large investors have recently bought and sold shares of the stock. Jane Street Group LLC boosted its holdings in TRX Gold by 157.7% during the 2nd quarter. Jane Street Group LLC now owns 108,573 shares of the company’s stock worth $36,000 after acquiring an additional 66,437 shares during the last quarter. BNP Paribas Financial Markets raised 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. Evergreen Capital Management LLC bought a new position in shares of TRX Gold during the second quarter valued at about $136,000. Citadel Advisors LLC lifted its position in shares of TRX Gold by 50.4% during 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 in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in 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 last quarter. 1.06% of the stock is currently owned by institutional investors.

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.