TRX Gold (NYSE:TRX) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of TRX Gold (NYSE:TRX – Get Rating) in a research note issued to investors on Monday. The firm set a “hold” rating on the stock.

A number of other equities analysts also recently commented on TRX. TheStreet downgraded TRX Gold from a “c-” rating to a “d+” rating in a report on Tuesday, May 30th. HC Wainwright reissued a “buy” rating and issued a $1.10 target price on shares of TRX Gold in a research note on Monday, April 17th.

Get TRX Gold alerts:

TRX Gold Stock Performance

TRX Gold stock opened at $0.41 on Monday. The stock’s 50-day moving average is $0.48 and its 200-day moving average is $0.42. TRX Gold has a 12 month low of $0.31 and a 12 month high of $0.60.

Institutional Investors Weigh In On TRX Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRX. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in TRX Gold during the 1st quarter worth $32,000. Virtu Financial LLC increased its stake in shares of TRX Gold by 211.1% in the fourth quarter. Virtu Financial LLC now owns 109,558 shares of the company’s stock worth $37,000 after buying an additional 74,338 shares during the last quarter. Morgan Stanley raised its holdings in TRX Gold by 19.7% in the fourth quarter. Morgan Stanley now owns 179,454 shares of the company’s stock valued at $61,000 after acquiring an additional 29,575 shares in the last quarter. Millennium Management LLC boosted its stake in TRX Gold by 493.1% during the 4th quarter. Millennium Management LLC now owns 254,416 shares of the company’s stock valued at $86,000 after acquiring an additional 211,523 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in TRX Gold by 12.8% during the 4th quarter. HighTower Advisors LLC now owns 297,190 shares of the company’s stock worth $99,000 after acquiring an additional 33,690 shares in the last quarter. Hedge funds and other institutional investors own 1.12% of the company’s stock.

TRX Gold Company Profile

(Get Rating)

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.

See Also

• Get a free research report on TRX Gold from StockNews.com
• MarketBeat Week in Review – 6/19 – 6/23
• CarMax Stock Flying On Earnings Beat, Return Of The Highs?
• Commercial Metals Company Shakes Off The Rust: Confirms Uptrend
• Smith & Wesson, A Timeless Value Play At Decade Lows
• Five stocks we like better than TRX Gold

Receive News & Ratings for TRX Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRX Gold and related companies with MarketBeat.com's FREE daily email newsletter.