TRX Gold (NYSE:TRX) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of TRX Gold (NYSE:TRX) in a research note published on Friday. The firm issued a hold rating on the stock.

Separately, HC Wainwright reissued a “buy” rating and issued a $1.40 target price on shares of TRX Gold in a research note on Tuesday, July 16th.

TRX Gold Price Performance

TRX Gold stock opened at $0.41 on Friday. TRX Gold has a fifty-two week low of $0.31 and a fifty-two week high of $0.49. The company’s 50 day simple moving average is $0.39 and its 200 day simple moving average is $0.42.

Institutional Trading of TRX Gold

An institutional investor recently bought a new position in TRX Gold stock. Integrity Wealth Solutions LLC purchased a new position in shares of TRX Gold Co. (NYSE:TRX) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 291,000 shares of the company’s stock, valued at approximately $113,000. Integrity Wealth Solutions LLC owned about 0.10% of TRX Gold as of its most recent SEC filing. 1.06% of the stock is currently owned by institutional investors and hedge funds.

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.