During the last session, TRX Gold Corporation (AMEX:TRX)’s traded shares were 0.34 million, with the beta value of the company hitting 0.84. At the end of the trading day, the stock’s price was $0.40, reflecting an intraday loss of -6.76% or -$0.03. The 52-week high for the TRX share is $0.60, that puts it down -50.0 from that peak though still a striking 22.5% gain since the share price plummeted to a 52-week low of $0.31. The company’s market capitalization is $109.16M, and the average intraday trading volume over the past 10 days was 0.5 million shares, and the average trade volume was 349.66K shares over the past three months.

TRX Gold Corporation (TRX) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. TRX has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.01.

TRX Gold Corporation (AMEX:TRX) trade information

TRX Gold Corporation (TRX) registered a -6.76% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -6.76% in intraday trading to $0.40 this Friday, 08/18/23, hitting a weekly high. The stock’s 5-day price performance is 5.28%, and it has moved by -10.99% in 30 days. Based on these gigs, the overall price performance for the year is -18.32%. The short interest in TRX Gold Corporation (AMEX:TRX) is 0.8 million shares and it means that shorts have 2.65 day(s) to cover.

The consensus price target of analysts on Wall Street is $1.27, which implies an increase of 68.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.00 and $1.50 respectively. As a result, TRX is trading at a discount of -275.0% off the target high and -150.0% off the low.

TRX Gold Corporation (TRX) estimates and forecasts

Statistics show that TRX Gold Corporation has outperformed its competitors in share price, compared to the industry in which it operates. TRX Gold Corporation (TRX) shares have gone down -5.88% during the last six months, with a year-to-date growth rate more than the industry average at 250.00% against 17.70.

Revenue for the current quarter is expected to be $10.85 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $14.31 million by the end of Nov 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $5.92 million and $9.77 million respectively. In this case, analysts expect current quarter sales to grow by 83.30% and then jump by 46.40% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 29.70%. While earnings are projected to return 49.50% in 2023.

TRX Dividends

TRX Gold Corporation is due to release its next quarterly earnings on July 19. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

TRX Gold Corporation (AMEX:TRX)’s Major holders

TRX Gold Corporation insiders own 2.37% of total outstanding shares while institutional holders control 1.42%, with the float percentage being 1.45%. Hillsdale Investment Management Inc. is the largest shareholder of the company, while 37 institutions own stock in it. As of Jun 29, 2023, the company held over 1.27 million shares (or 0.46% of all shares), a total value of $0.56 million in shares.

The next largest institutional holding, with 1.0 million shares, is of Renaissance Technologies, LLC’s that is approximately 0.36% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $0.44 million.

Data provided on Feb 27, 2023 indicates that Unified Series Trust-Auer Growth Fd owns about 0.6 million shares. This amounts to just over 0.22 percent of the company’s overall shares, with a $0.24 million market value.

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