TRX Gold (NYSE:TRX) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of TRX Gold (NYSE:TRX - Get Free Report) in a research note issued on Thursday. The firm set a "hold" rating on the stock.TRX Gold Trading Up 2.5%Shares of NYSE TRX opened at $0.31 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.51 and a current ratio of 0.83. The business's 50 day moving average price is $0.31 and its 200-day moving average price is $0.32. TRX Gold has a fifty-two week low of $0.27 and a fifty-two week high of $0.49. The company has a market cap of $88.08 million, a price-to-earnings ratio of -31.20 and a beta of 0.40. Institutional Investors Weigh In On TRX GoldSeveral hedge funds and other institutional investors have recently modified their holdings of TRX. Sprott Inc. raised its holdings in shares of TRX Gold by 506.7% in the fourth quarter. Sprott Inc. now owns 145,454 shares of the company's stock worth $45,000 after buying an additional 121,479 shares during the period. Financial Sense Advisors Inc. raised its holdings in shares of TRX Gold by 24.3% in the fourth quarter. Financial Sense Advisors Inc. now owns 168,483 shares of the company's stock worth $52,000 after buying an additional 32,991 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of TRX Gold in the fourth quarter worth approximately $120,000. Finally, Rossby Financial LCC purchased a new stake in shares of TRX Gold in the fourth quarter worth approximately $255,000. 1.06% of the stock is currently owned by hedge funds and other institutional investors. TRX Gold Company Profile (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.See AlsoFive stocks we like better than TRX GoldStock Trading Terms - Stock Terms Every Investor Needs to Know$30B AI Opportunity: Will It Power Meta’s Next Surge?Best Energy Stocks - Energy Stocks to Buy NowMicrosoft Could Rally as EU Antitrust Case Nears ResolutionUnveiling The Power Of VWAP: A Key Indicator For TradersIntel Refocuses: NEX Sale and Foundry Pivot Signal New EraThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in TRX Gold Right Now?Before you consider TRX Gold, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TRX Gold wasn't on the list.While TRX Gold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here