In the last trading session, 7,391,492 shares of the Tanzanian Gold Corporation(NYSE:TRX) were traded, and its beta was 1.02. Most recently the company’s share price was $0.8, and it changed around $0 or -0.01% from the last close, which brings the market valuation of the company to $202.86 Million. TRX currently trades at a discount to its 52-week high of $1.91, offering almost -138.75% off that amount. The share price’s 52-week low was $0.36, which indicates that the current value has risen by an impressive 55% since then. We note from Tanzanian Gold Corporation’s average daily trading volume that its 10-day average is 11.66 Million shares, with the 3-month average coming to 6.71 Million.
Tanzanian Gold Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended TRX as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Tanzanian Gold Corporation is expected to report earnings per share of $0 for the current quarter.
Tanzanian Gold Corporation (NYSE:TRX): Trading Information
Although TRX has showed a red trend with a performance of -0.81% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $0.939 on Tuesday, Feb 16 increased the stock’s daily price by 15.35%. The company’s shares are currently up 0.21% year-to-date, but still down -0.1096 over the last five days. On the other hand, Tanzanian Gold Corporation (NYSE:TRX) is 0.19% up in the 30-day period. We can see from the shorts that 2.14 Million shares have been sold at a short interest cover period of 0.32 day(s).
The consensus price target as assigned by Wall Street analysts is $1.5, which translates to bears needing to increase their stock price by 87.5% from its current value. Analyst projections state that TRX is forecast to be at a low of $1.5 and a high of $1.5. In order for the stock price to hit the forecast high, the stock would need to surge +87.5% from its current level, while the stock would need to crash 87.5% from its current level to reach the projected low.
Tanzanian Gold Corporation (TRX) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -1.3%. Tanzanian Gold Corporation earnings are expected to increase by 59.6% in 2021, but the outlook is negative 0% per year for the next five years.
Tanzanian Gold Corporation (NYSE:TRX)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 3.81% of Tanzanian Gold Corporation shares, and 0.87% of them are in the hands of institutional investors. The stock currently has a share float of 0.9%. Tanzanian Gold Corporation stock is held by 35 institutions, with HighTower Advisors, LLC being the largest institutional investor. By Dec 30, 2020, it held 0.13% of the shares, which is about 277.5 Thousand shares worth $183.07 Thousand.
Bank of Montreal/Can/, with 0.13% or 277Thousand shares worth $192.79 Thousand as of Sep 29, 2020, holds the second largest percentage of outstanding shares.
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