TRX Gold Corporation with ticker code (TRX) now have 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 1.12 and 1.1 calculating the mean target price we have 1.11. Given that the stocks previous close was at 0.46 this would imply there is a potential upside of 141.3%. There is a 50 day moving average of 0.36 and the 200 day moving average is 0.38. The market cap for the company is $134m. Visit the company website at: https://www.trxgold.com
The potential market cap would be $323m based on the market concensus.
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.
