TRX Gold Co. (NYSEAMERICAN:TRX – Free Report) – Equities researchers at Zacks Research lowered their Q4 2026 EPS estimates for TRX Gold in a research note issued to investors on Wednesday, July 22nd. Zacks Research analyst R. Wortel now expects that the company will earn $0.02 per share for the quarter, down from their previous estimate of $0.05. The consensus estimate for TRX Gold’s current full-year earnings is ($0.01) per share.
Separately, HC Wainwright reissued a “buy” rating and issued a $2.30 price objective on shares of TRX Gold in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $2.27.
TRX Gold Price Performance
Shares of TRX opened at $0.81 on Friday. The business’s 50-day moving average is $0.92 and its two-hundred day moving average is $1.26. The company has a market capitalization of $264.56 million, a P/E ratio of -13.46 and a beta of 0.30. TRX Gold has a fifty-two week low of $0.33 and a fifty-two week high of $2.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 2.20.
Hedge Funds Weigh In On TRX Gold
Several large investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its holdings in TRX Gold by 128.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,713,800 shares of the company’s stock worth $4,039,000 after buying an additional 1,524,403 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in TRX Gold by 144.1% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,817,781 shares of the company’s stock valued at $1,685,000 after buying an additional 1,073,200 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of TRX Gold in the fourth quarter worth about $1,658,000. Renaissance Technologies LLC purchased a new stake in shares of TRX Gold during the 1st quarter worth about $1,227,000. Finally, Jane Street Group LLC grew its position in shares of TRX Gold by 4,455.7% during the 4th quarter. Jane Street Group LLC now owns 729,779 shares of the company’s stock valued at $672,000 after acquiring an additional 713,760 shares during the period. 1.06% of the stock is currently 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. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022.
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