TRX Gold (NYSE:TRX) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX) in a report issued on Sunday morning. The firm issued a hold rating on the stock.

Separately, HC Wainwright restated a “buy” rating and issued a $1.50 price objective (up from $1.40) on shares of TRX Gold in a report on Tuesday, December 3rd.

TRX Gold Stock Down 2.3 %

NYSE:TRX opened at $0.30 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 0.03. TRX Gold has a one year low of $0.29 and a one year high of $0.49. The firm’s 50 day simple moving average is $0.32 and its 200 day simple moving average is $0.36.

Hedge Funds Weigh In On TRX Gold

A number of hedge funds have recently bought and sold shares of the company. Ground Swell Capital LLC grew its position in shares of TRX Gold by 201.9% during the 3rd quarter. Ground Swell Capital LLC now owns 72,823 shares of the company’s stock worth $29,000 after buying an additional 48,705 shares during the period. Virtu Financial LLC bought a new position in TRX Gold during the third quarter worth $52,000. Sprott Inc. grew its holdings in TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after purchasing an additional 121,479 shares during the period. Financial Sense Advisors Inc. increased its stake in TRX Gold by 24.3% in the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after purchasing an additional 32,991 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of TRX Gold by 9.6% during the third quarter. HighTower Advisors LLC now owns 334,456 shares of the company’s stock valued at $130,000 after purchasing an additional 29,416 shares during the period. Institutional investors own 1.06% of the company’s stock.

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.