Wall Street Zen Initiates Coverage on TRX Gold (NYSE:TRX)

Wall Street Zen began coverage on shares of TRX Gold (NYSE:TRX) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

TRX Gold Trading Up 2.2%

NYSE TRX opened at $0.32 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 0.03. TRX Gold has a twelve month low of $0.27 and a twelve month high of $0.49. The company has a market cap of $89.86 million, a price-to-earnings ratio of -31.83 and a beta of 0.40. The business’s fifty day moving average is $0.31 and its 200 day moving average is $0.32.

Institutional Investors Weigh In On TRX Gold

A number of institutional investors have recently modified their holdings of TRX. Financial Sense Advisors Inc. lifted its holdings in TRX Gold by 24.3% in the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company’s stock valued at $52,000 after buying an additional 32,991 shares during the period. Sprott Inc. raised its position in shares of TRX Gold by 506.7% in the 4th quarter. Sprott Inc. now owns 145,454 shares of the company’s stock worth $45,000 after acquiring an additional 121,479 shares in the last quarter. Rossby Financial LCC lifted its stake in shares of TRX Gold by 15.7% in the 1st quarter. Rossby Financial LCC now owns 960,000 shares of the company’s stock valued at $310,000 after purchasing an additional 130,000 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of TRX Gold in the 4th quarter valued at about $120,000. 1.06% of the stock is owned by institutional investors.

TRX Gold Company Profile

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.