TRX Gold (NYSEAMERICAN:TRX) Stock Price Down 5.8% – Here’s What Happened

Posted by Brenda Bartman on May 16th, 2026

TRX Gold Co. (NYSEAMERICAN:TRX – Get Free Report)’s stock price was down 5.8% on Friday . The company traded as low as $1.11 and last traded at $1.13. Approximately 3,226,044 shares were traded during trading, a decline of 13% from the average daily volume of 3,727,117 shares. The stock had previously closed at $1.20.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TRX shares. HC Wainwright reaffirmed a “buy” rating and set a $2.30 target price on shares of TRX Gold in a research report on Thursday, April 16th. Roth Mkm set a $2.25 target price on TRX Gold and gave the stock a “buy” rating in a research report on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $2.28.

Check Out Our Latest Stock Report on TRX

TRX Gold Price Performance

The company has a quick ratio of 1.52, a current ratio of 2.37 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $1.41 and a two-hundred day moving average price of $1.20. The company has a market capitalization of $368.30 million, a price-to-earnings ratio of -16.14 and a beta of 0.25.

Institutional Investors Weigh In On TRX Gold

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership raised its position in 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 buying an additional 1,524,403 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in TRX Gold by 144.1% in the 4th 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 during the last quarter. Marshall Wace LLP purchased a new stake in TRX Gold in the 4th quarter valued at $1,658,000. Renaissance Technologies LLC purchased a new stake in TRX Gold in the 1st quarter valued at $1,227,000. Finally, Jane Street Group LLC raised its position in TRX Gold by 4,455.7% in the 4th quarter. Jane Street Group LLC now owns 729,779 shares of the company’s stock valued at $672,000 after buying an additional 713,760 shares during the last quarter. 1.06% of the stock is owned by hedge funds and other institutional investors.

TRX Gold Company Profile

(Get Free Report)

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.