TRX Gold (NYSEAMERICAN:TRX) Earns Buy Rating from HC Wainwright

TRX Gold (NYSEAMERICAN:TRX – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a report issued on Monday,Benzinga reports. They currently have a $2.30 price objective on the stock. HC Wainwright’s price objective would suggest a potential upside of 144.42% from the stock’s current price.

Separately, Roth Mkm set a $2.25 price objective 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, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $2.28.

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TRX Gold Stock Down 2.0%

Shares of TRX Gold stock traded down $0.02 during trading on Monday, reaching $0.94. The stock had a trading volume of 1,157,676 shares, compared to its average volume of 5,662,286. The stock has a fifty day moving average price of $1.27 and a two-hundred day moving average price of $1.25. The company has a market capitalization of $308.15 million, a price-to-earnings ratio of -13.48 and a beta of 0.25. The company has a current ratio of 2.37, a quick ratio of 1.52 and a debt-to-equity ratio of 0.03. TRX Gold has a 52 week low of $0.32 and a 52 week high of $2.80.

Hedge Funds Weigh In On TRX Gold

Hedge funds have recently modified their holdings of the company. Marshall Wace LLP bought a new stake in TRX Gold during the 4th quarter valued at $1,658,000. Arrowstreet Capital Limited Partnership grew its position in TRX Gold by 128.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,713,800 shares of the company’s stock worth $4,039,000 after acquiring an additional 1,524,403 shares in the last quarter. Hillsdale Investment Management Inc. grew its position 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 worth $1,685,000 after acquiring an additional 1,073,200 shares in the last quarter. Renaissance Technologies LLC purchased a new position in TRX Gold in the first quarter worth $1,227,000. Finally, Jane Street Group LLC grew its position in TRX Gold by 4,455.7% in the fourth quarter. Jane Street Group LLC now owns 729,779 shares of the company’s stock worth $672,000 after acquiring an additional 713,760 shares in the last quarter. Institutional investors own 1.06% of the company’s stock.

About TRX Gold

(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.

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