Renaissance Technologies LLC purchased a new position in TRX Gold Co. (NYSEAMERICAN:TRX – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 817,883 shares of the company’s stock, valued at approximately $1,227,000. Renaissance Technologies LLC owned approximately 0.25% of TRX Gold at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of TRX. Marshall Wace LLP purchased a new position in shares of TRX Gold during the 4th quarter worth approximately $1,658,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of TRX Gold by 128.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,713,800 shares of the company’s stock valued at $4,039,000 after purchasing an additional 1,524,403 shares during the period. Hillsdale Investment Management Inc. boosted its position in shares of TRX Gold by 144.1% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,817,781 shares of the company’s stock valued at $1,685,000 after purchasing an additional 1,073,200 shares in the last quarter. Jane Street Group LLC boosted its position in shares of TRX Gold by 4,455.7% during the fourth quarter. Jane Street Group LLC now owns 729,779 shares of the company’s stock valued at $672,000 after purchasing an additional 713,760 shares in the last quarter. Finally, Evergreen Capital Management LLC purchased a new stake in TRX Gold in the second quarter worth $136,000. 1.06% of the stock is currently owned by hedge funds and other institutional investors.
TRX Gold Price Performance
Shares of TRX opened at $1.04 on Friday. The stock has a market cap of $341.46 million, a PE ratio of -17.33 and a beta of 0.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 2.20. TRX Gold Co. has a fifty-two week low of $0.33 and a fifty-two week high of $2.80. The firm’s 50-day simple moving average is $0.86 and its two-hundred day simple moving average is $1.25.
Wall Street Analyst Weigh In
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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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