Renaissance Technologies LLC Takes Position in TRX Gold Co. $TRX

Renaissance Technologies LLC purchased a new position in TRX Gold Co. (NYSEAMERICAN:TRX) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 817,883 shares of the company’s stock, valued at approximately $1,227,000.

A number of other hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new stake in TRX Gold during the 1st quarter valued at about $25,000. Cetera Investment Advisers raised its holdings in TRX Gold by 54.4% in the fourth quarter. Cetera Investment Advisers now owns 28,373 shares of the company’s stock worth $26,000 after buying an additional 10,000 shares during the last quarter. Jane Street Group LLC raised its holdings in TRX Gold by 157.7% in the second quarter. Jane Street Group LLC now owns 108,573 shares of the company’s stock worth $36,000 after buying an additional 66,437 shares during the last quarter. SPWM Advisors LLC bought a new position in shares of TRX Gold in the fourth quarter worth approximately $51,000. Finally, Sprott Inc. lifted its stake in shares of TRX Gold by 34.9% in the fourth quarter. Sprott Inc. now owns 95,721 shares of the company’s stock worth $88,000 after buying an additional 24,746 shares in the last quarter. Institutional investors own 1.06% of the company’s stock.

TRX Gold Trading Down 5.5%

Shares of NYSEAMERICAN:TRX opened at $1.04 on Friday. The company has a market cap of $341.46 million, a P/E ratio of -17.33 and a beta of 0.32. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 1.45. TRX Gold Co. has a 1 year low of $0.33 and a 1 year high of $2.80. The stock’s fifty day moving average price is $0.86 and its 200-day moving average price is $1.25.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $2.30 price target on shares of TRX Gold in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $2.27.

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.