TRX Gold (NYSE:TRX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of TRX Gold (NYSE:TRX) in a research note released on Monday. The firm issued a hold rating on the stock.

Separately, HC Wainwright restated a “buy” rating and issued a $1.40 price target on shares of TRX Gold in a research note on Tuesday, July 16th.

TRX Gold Stock Performance

Shares of TRX opened at $0.37 on Monday. The firm’s fifty day simple moving average is $0.39 and its 200-day simple moving average is $0.41. TRX Gold has a twelve month low of $0.31 and a twelve month high of $0.49.

Institutional Trading of TRX Gold

An institutional investor recently raised its position in TRX Gold stock. Ground Swell Capital LLC lifted its stake in TRX Gold Co. (NYSE:TRX) by 201.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,823 shares of the company’s stock after buying an additional 48,705 shares during the period. Ground Swell Capital LLC’s holdings in TRX Gold were worth $29,000 at the end of the most recent quarter. 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.