Research Analysts’ Weekly Ratings Changes for TRX Gold (TRX)

A number of firms have modified their ratings and price targets on shares of TRX Gold (NYSE: TRX) recently:

• 4/17/2024 – TRX Gold is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/16/2024 – TRX Gold had its price target raised by analysts at Alliance Global Partners from $1.50 to $1.75. They now have a “buy” rating on the stock.
• 4/16/2024 – TRX Gold had its price target raised by analysts at HC Wainwright from $1.30 to $1.40. They now have a “buy” rating on the stock.
• 4/9/2024 – TRX Gold is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/1/2024 – TRX Gold is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 3/24/2024 – TRX Gold is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 3/16/2024 – TRX Gold is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 3/8/2024 – TRX Gold is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 2/29/2024 – TRX Gold is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 2/21/2024 – TRX Gold is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

TRX Gold Stock Up 3.0 %

Shares of TRX stock traded up $0.01 during trading hours on Thursday, reaching $0.46. The company’s stock had a trading volume of 404,581 shares, compared to its average volume of 349,004. TRX Gold Co. has a fifty-two week low of $0.31 and a fifty-two week high of $0.60. The firm’s 50 day simple moving average is $0.38 and its 200-day simple moving average is $0.38. The company has a market capitalization of $128.30 million, a price-to-earnings ratio of 46.05 and a beta of 0.65.

TRX Gold (NYSE:TRX) last released its earnings results on Friday, April 12th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $7.98 million for the quarter, compared to analysts’ expectations of $9.40 million. TRX Gold had a negative return on equity of 1.66% and a net margin of 0.70%. Sell-side analysts predict that TRX Gold Co. will post 0.03 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bedel Financial Consulting Inc. acquired a new position in TRX Gold in the 2nd quarter worth about $44,000. Virtu Financial LLC increased its stake in shares of TRX Gold by 211.1% in the fourth quarter. Virtu Financial LLC now owns 109,558 shares of the company’s stock valued at $37,000 after buying an additional 74,338 shares during the period. Morgan Stanley boosted its position in TRX Gold by 19.7% during the 4th quarter. Morgan Stanley now owns 179,454 shares of the company’s stock worth $61,000 after buying an additional 29,575 shares during the period. Millennium Management LLC increased its position in TRX Gold by 493.1% in the 4th quarter. Millennium Management LLC now owns 254,416 shares of the company’s stock valued at $86,000 after acquiring an additional 211,523 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of TRX Gold by 770.5% during the third quarter. Renaissance Technologies LLC now owns 289,893 shares of the company’s stock valued at $113,000 after acquiring an additional 256,593 shares during the last quarter. 1.06% of the stock is currently owned by institutional investors.

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.