TRX Gold (NYSE:TRX) Price Target Raised to $1.40

by · The Cerbat Gem

TRX Gold (NYSE:TRX – Free Report) had its price target raised by HC Wainwright from $1.20 to $1.40 in a research report report published on Tuesday morning, Marketbeat Ratings reports. HC Wainwright currently has a buy rating on the stock.

TRX Gold Stock Up 4.8%

TRX stock opened at $0.76 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.51. The firm has a market capitalization of $217.25 million, a P/E ratio of -34.20 and a beta of 0.32. TRX Gold has a 52-week low of $0.27 and a 52-week high of $0.85. The company’s 50 day simple moving average is $0.68 and its 200-day simple moving average is $0.48.

Institutional Trading of TRX Gold

Several hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC raised its position in 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 buying an additional 148,330 shares during the period. BNP Paribas Financial Markets grew its stake in TRX Gold by 6.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 482,536 shares of the company’s stock valued at $301,000 after acquiring an additional 27,966 shares in the last quarter. MAI Capital Management purchased a new position in TRX Gold during the 3rd quarter valued at about $30,000. Hillsdale Investment Management Inc. acquired a new position in shares of TRX Gold in the 3rd quarter valued at about $471,000. Finally, PFG Private Wealth Management LLC purchased a new stake in shares of TRX Gold in the third quarter worth approximately $182,000. Institutional investors and hedge funds own 1.06% of the company’s stock.

About TRX Gold

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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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