TRX Gold Corporation with ticker code (TRX) now have 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 1.1 and 1 with the average target price sitting at $1.06. Now with the previous closing price of $.54 this would imply there is now a potential upside of 96.3%. Also worth taking note is the 50 day moving average now sits at $.48 while the 200 day moving average is $.43. The market capitalization for the company is $149m. Company Website: https://www.trxgold.com
The potential market cap would be $292m 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.
Other points of data to note are a P/E ratio of 53.5, revenue per share of 0.11 and a 8.09% return on assets.
