StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX – Free Report) in a report published on Friday. The firm issued a hold rating on the stock.
TRX has been the subject of several other research reports. Alliance Global Partners increased their target price on TRX Gold from $1.50 to $1.75 and gave the company a buy rating in a research note on Tuesday, April 16th. HC Wainwright increased their target price on TRX Gold from $1.30 to $1.40 and gave the company a buy rating in a research note on Tuesday, April 16th.
Read Our Latest Stock Analysis on TRX
TRX Gold Stock Down 1.2 %
TRX Gold (NYSE:TRX – Get Free Report) last announced its earnings results on Friday, April 12th. The company reported $0.01 earnings per share for the quarter. TRX Gold had a negative return on equity of 1.66% and a net margin of 0.70%. The firm had revenue of $7.98 million during the quarter, compared to the consensus estimate of $9.40 million. Analysts anticipate that TRX Gold will post 0.03 EPS for the current year.
Institutional Trading of TRX Gold
An institutional investor recently raised its position in TRX Gold stock. PFG Investments LLC grew its position in TRX Gold Co. (NYSE:TRX – Free Report) by 1,103.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 228,588 shares of the company’s stock after acquiring an additional 209,588 shares during the quarter. PFG Investments LLC owned 0.08% of TRX Gold worth $89,000 as of its most recent SEC filing. 1.06% of the stock is currently owned by hedge funds and other 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.
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