TRX Gold Corporation which can be found using ticker (TRX) have now 3 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 1.11 and 0.99 and has a mean target at $1.07. Now with the previous closing price of $.58 this now indicates there is a potential upside of 84.5%. The 50 day moving average now sits at $.46 while the 200 day moving average is $.42. The total market capitalization for the company now stands at $160m. You can visit the company’s website by visiting: https://www.trxgold.com
The potential market cap would be $295m based on the market consensus.
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. TRX Gold Corporation was incorporated in 1990 and is based in Oakville, Canada.
The company is not paying dividends at this time.
