TRX Chart
About

TRX Gold Corporation engages in the exploration, development, and production of mineral property in Tanzania. Its flagship project is the Buckreef Gold Project in Tanzania. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022. The company was incorporated in 1990 and is based in Oakville, Canada.

Fundamentals
Scroll to Statements
Sector Basic Materials Industry Gold Market Cap 551.95M
Enterprise Value — Income -4.46M Sales 70.20M
Book/sh 0.20 Cash/sh — Dividend Yield —
Payout 0.00% Employees 241 IPO —
P/E — Forward P/E 12.60 PEG —
P/S 7.86 P/B 9.40 P/C —
EV/EBITDA — EV/Sales — Quick Ratio 0.51
Current Ratio 1.09 Debt/Eq — LT Debt/Eq —
EPS (ttm) -0.01 EPS next Y 0.15 EPS Growth —
Revenue Growth — Earnings 2026-04-14 ROA 10.22%
ROE 5.51% ROIC — Gross Margin 53.15%
Oper. Margin 27.03% Profit Margin -6.36% Shs Outstand 288.33M
Shs Float 249.31M Short Float 3.48% Short Ratio 1.06
Short Interest — 52W High 2.80 52W Low 0.27
Beta 0.67 Avg Volume 5.97M Volume 5.00M
Target Price $1.82 Recom None Prev Close $1.83
Price $1.89 Change 3.28%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$1.83
Mean price target
2. Current target
$1.84
Latest analyst target
3. DCF / Fair value
$-0.10
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.84
Low
$1.50
High
$2.25
Mean
$1.83

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-16 main HC Wainwright & Co. Buy → Buy $2
2025-12-02 main HC Wainwright & Co. Buy → Buy $1
2025-11-05 main HC Wainwright & Co. Buy → Buy $1
2025-07-16 main HC Wainwright & Co. Buy → Buy $1
2024-12-03 reit HC Wainwright & Co. Buy → Buy $2
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 3681 6736.0 — Exercise of rights at price 1.83 per share. Leonard (Michael Patrick) Senior Officer of Issuer — 2026-02-10 00:00:00 D
1 18342 33565.0 — Compensation for services at price 1.83 per share. Mullowney (Stephen) Senior Officer of Issuer — 2026-02-10 00:00:00 D
2 1694 3100.0 — Compensation for services at price 1.83 per share. Rakhit (Shubo) Director of Issuer — 2026-02-10 00:00:00 D
3 2128 3894.0 — Compensation for services at price 1.83 per share. Rashid (Khalaf) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) — 2026-02-10 00:00:00 D
4 10000 24130.0 — Disposition in the public market at price 2.41 per share. Betts (Norman Ph.D.) Director of Issuer — 2026-01-29 00:00:00 D
5 10000 22240.0 — Disposition in the public market at price 2.22 per share. Betts (Norman Ph.D.) Director of Issuer — 2026-01-29 00:00:00 D
6 10000 23460.0 — Disposition in the public market at price 2.35 per share. Betts (Norman Ph.D.) Director of Issuer — 2026-01-29 00:00:00 D
7 10000 22610.0 — Disposition in the public market at price 2.26 per share. Betts (Norman Ph.D.) Director of Issuer — 2026-01-29 00:00:00 D
8 20000 48640.0 — Disposition in the public market at price 2.43 per share. Betts (Norman Ph.D.) Director of Issuer — 2026-01-29 00:00:00 D
9 30000 52890.0 — Disposition in the public market at price 1.76 per share. Betts (Norman Ph.D.) Director of Issuer — 2026-01-28 00:00:00 D
Financials
Line Item2025-08-312024-08-312023-08-312022-08-31
TaxEffectOfUnusualItems107.40K108.90K1.41M-489.60K
TaxRateForCalcs0.150.150.400.26
NormalizedEBITDA17.98M11.87M11.93M581.00K
TotalUnusualItems716.00K726.00K3.52M-1.87M
TotalUnusualItemsExcludingGoodwill716.00K726.00K3.52M-1.87M
NetIncomeFromContinuingOperationNetMinorityInterest687.00K-470.00K2.25M-6.22M
ReconciledDepreciation3.85M2.26M1.36M122.00K
ReconciledCostOfRevenue29.88M21.03M18.87M5.62M
EBITDA18.70M12.60M15.45M-1.29M
EBIT14.85M10.34M14.08M-1.41M
NetInterestIncome-2.10M-1.32M-1.71M-477.00K
InterestExpense394.00K3.00K1.71M477.00K
NormalizedIncome78.40K-1.09M139.80K-4.84M
NetIncomeFromContinuingAndDiscontinuedOperation687.00K-470.00K2.25M-6.22M
TotalExpenses41.77M30.23M27.75M14.63M
DilutedAverageShares295.28M289.62M288.53M267.00M
BasicAverageShares293.17M289.62M282.40M267.00M
DilutedEPS0.000.000.01-0.02
BasicEPS0.000.000.01-0.02
DilutedNIAvailtoComStockholders687.00K-470.00K2.25M-6.22M
NetIncomeCommonStockholders687.00K-470.00K2.25M-6.22M
NetIncome687.00K-470.00K2.25M-6.22M
MinorityInterests-5.88M-3.98M-4.79M-3.89M
NetIncomeIncludingNoncontrollingInterests6.57M3.51M7.04M-2.32M
NetIncomeContinuousOperations6.57M3.51M7.04M-2.32M
TaxProvision7.89M6.83M5.33M436.00K
PretaxIncome14.46M10.34M12.38M-1.89M
OtherIncomeExpense716.00K726.00K3.52M-1.87M
OtherNonOperatingIncomeExpenses-134.00K-1.03M
SpecialIncomeCharges-115.00K-581.00K-36.00K8.00K
GainOnSaleOfPPE-36.00K-27.00K
OtherSpecialCharges-35.00K
WriteOff115.00K581.00K
ImpairmentOfCapitalAssets0.00
GainOnSaleOfSecurity831.00K1.31M3.52M-1.87M
NetNonOperatingInterestIncomeExpense-2.10M-1.32M-1.71M-477.00K
TotalOtherFinanceCost1.71M1.32M293.00K696.00K
InterestExpenseNonOperating394.00K3.00K1.71M477.00K
OperatingIncome15.85M10.93M10.57M459.00K
OperatingExpense8.09M7.00M7.63M8.92M
OtherOperatingExpenses141.00K108.00K214.00K803.00K
OtherTaxes0.0011.00K
DepreciationAmortizationDepletionIncomeStatement56.00K65.00K103.00K26.00K
DepreciationAndAmortizationInIncomeStatement56.00K65.00K103.00K26.00K
DepreciationIncomeStatement56.00K65.00K103.00K26.00K
SellingGeneralAndAdministration7.90M6.82M7.53M8.89M
GeneralAndAdministrativeExpense7.90M6.82M7.53M8.89M
OtherGandA2.35M2.16M1.76M2.35M
InsuranceAndClaims231.00K313.00K380.00K444.00K
SalariesAndWages5.31M4.35M5.38M6.10M
GrossProfit23.94M17.93M18.19M9.38M
CostOfRevenue33.67M23.23M20.13M5.71M
TotalRevenue57.61M41.16M38.32M15.09M
OperatingRevenue57.61M41.16M38.32M15.09M
Line Item2023-08-31
TreasurySharesNumber0.00
OrdinarySharesNumber284.86M280.19M277.63M276.15M
ShareIssued284.86M280.19M277.63M276.15M
TotalDebt2.81M1.34M101.00K0.00
TangibleBookValue57.27M54.90M53.90M48.80M
InvestedCapital57.27M54.90M53.90M48.80M
WorkingCapital1.31M-3.50M-617.00K-1.40M
NetTangibleAssets57.27M54.90M53.90M48.80M
CapitalLeaseObligations2.81M1.34M101.00K0.00
CommonStockEquity57.27M54.90M53.90M48.80M
TotalCapitalization57.27M54.90M53.90M48.80M
TotalEquityGrossMinorityInterest74.29M66.04M61.06M51.16M
MinorityInterest17.02M11.14M7.16M2.36M
StockholdersEquity57.27M54.90M53.90M48.80M
OtherEquityInterest10.48M10.85M10.51M8.53M
RetainedEarnings-121.21M-121.89M-121.42M-123.67M
CapitalStock168.00M165.94M164.82M163.95M
CommonStock168.00M165.94M164.82M163.95M
TotalLiabilitiesNetMinorityInterest42.96M32.82M23.14M20.69M
TotalNonCurrentLiabilitiesNetMinorityInterest18.43M11.54M5.33M3.44M
DerivativeProductLiabilities0.00
NonCurrentDeferredLiabilities15.67M9.51M4.46M621.00K
NonCurrentDeferredRevenue0.00178.00K621.00K0.00
NonCurrentDeferredTaxesLiabilities15.67M9.51M4.29M0.00
LongTermDebtAndCapitalLeaseObligation1.61M942.00K36.00K
LongTermCapitalLeaseObligation1.61M942.00K36.00K0.00
LongTermProvisions1.15M1.09M833.00K2.81M
CurrentLiabilities24.54M21.28M17.81M17.25M
OtherCurrentLiabilities1.01M2.27M3.54M6.85M
CurrentDeferredLiabilities3.41M1.65M1.55M1.86M
CurrentDeferredRevenue3.41M1.65M1.55M1.86M
CurrentDebtAndCapitalLeaseObligation1.20M401.00K65.00K
CurrentCapitalLeaseObligation1.20M401.00K65.00K0.00
PayablesAndAccruedExpenses18.92M16.96M12.65M8.54M
CurrentAccruedExpenses2.35M3.52M
Payables18.92M16.96M12.65M8.54M
TotalTaxPayable753.00K1.41M1.08M617.00K
IncomeTaxPayable753.00K1.41M1.08M436.00K
AccountsPayable18.16M15.54M11.57M7.92M
TotalAssets117.25M98.86M84.20M71.84M
TotalNonCurrentAssets91.41M81.08M67.01M55.99M
OtherNonCurrentAssets3.92M3.26M2.95M4.36M
NetPPE87.49M77.82M64.06M51.63M
AccumulatedDepreciation-11.57M-6.53M-4.04M-2.22M
GrossPPE99.07M84.34M68.10M53.85M
ConstructionInProgress0.000.0045.24M
OtherProperties5.05M1.72M351.00K143.00K
MachineryFurnitureEquipment37.55M31.99M24.69M8.47M
CurrentAssets25.84M17.78M17.19M15.85M
OtherCurrentAssets155.00K78.00K
CurrentDeferredAssets218.00K707.00K667.00K507.00K
PrepaidAssets1.02M539.00K796.00K699.00K
Inventory13.02M6.25M4.96M3.63M
FinishedGoods11.00K55.00K52.00K253.00K
WorkInProcess988.00K837.00K689.00K210.00K
RawMaterials12.02M5.36M4.22M3.17M
Receivables3.82M1.96M3.14M2.54M
OtherReceivables2.54M28.00K
TaxesReceivable432.00K
AccountsReceivable3.82M1.96M3.14M2.54M
CashCashEquivalentsAndShortTermInvestments7.77M8.33M7.63M8.48M
CashAndCashEquivalents7.77M8.33M7.63M8.48M
CashFinancial7.77M8.33M7.63M8.48M
Line Item2025-08-312024-08-312023-08-312022-08-31
FreeCashFlow2.58M1.64M-460.00K-9.74M
RepaymentOfDebt-1.23M-72.00K-115.00K0.00
IssuanceOfDebt0.001.00M
IssuanceOfCapitalStock0.00110.00K7.15M24.40M
CapitalExpenditure-13.70M-13.68M-17.79M-12.69M
InterestPaidSupplementalData351.00K3.00K
IncomeTaxPaidSupplementalData994.00K1.22M62.00K0.00
EndCashPosition7.77M8.33M7.63M8.48M
BeginningCashPosition8.33M7.63M8.48M13.45M
ChangesInCash-561.00K702.00K-847.00K-4.97M
FinancingCashFlow-2.48M-625.00K-302.00K5.94M
CashFlowFromContinuingFinancingActivities-2.48M-625.00K-302.00K5.94M
NetOtherFinancingCharges-1.25M-553.00K-297.00K-1.21M
NetCommonStockIssuance0.00110.00K7.15M24.40M
CommonStockIssuance0.00110.00K7.15M24.40M
NetIssuancePaymentsOfDebt-1.23M-72.00K-115.00K0.00
NetLongTermDebtIssuance-1.23M-72.00K-115.00K0.00
LongTermDebtPayments-1.23M-72.00K-115.00K0.00
LongTermDebtIssuance0.001.00M
InvestingCashFlow-14.36M-13.99M-17.87M-13.87M
CashFlowFromContinuingInvestingActivities-14.36M-13.99M-17.87M-13.87M
NetOtherInvestingChanges-657.00K-311.00K-85.00K-1.40M
NetPPEPurchaseAndSale-13.70M-13.68M-17.79M-12.46M
SaleOfPPE229.00K
PurchaseOfPPE-13.70M-13.68M-17.79M-12.69M
OperatingCashFlow16.28M15.32M17.33M2.96M
CashFlowFromContinuingOperatingActivities16.28M15.32M17.33M2.96M
ChangeInWorkingCapital-4.90M2.68M5.31M-3.50M
ChangeInPayablesAndAccruedExpense2.54M3.21M6.32M1.62M
ChangeInPayable2.54M3.21M6.32M1.62M
ChangeInAccountPayable3.31M2.82M5.34M1.18M
ChangeInTaxPayable-767.00K389.00K983.00K436.00K
ChangeInIncomeTaxPayable-767.00K389.00K983.00K436.00K
ChangeInPrepaidAssets-484.00K217.00K-96.00K-874.00K
ChangeInInventory-5.57M-929.00K-868.00K-2.16M
ChangeInReceivables-1.39M184.00K-48.00K-2.08M
ChangesInAccountReceivables420.00K87.00K
OtherNonCashItems3.21M37.00K-497.00K3.47M
StockBasedCompensation2.46M2.03M2.70M3.11M
AssetImpairmentCharge115.00K581.00K276.00K0.00
DeferredTax6.17M5.22M4.29M0.00
DeferredIncomeTax6.17M5.22M4.29M0.00
DepreciationAmortizationDepletion3.85M2.26M1.36M122.00K
DepreciationAndAmortization3.85M2.26M1.36M122.00K
Depreciation3.85M2.26M1.36M122.00K
OperatingGainsLosses-1.19M-996.00K-3.15M2.07M
GainLossOnInvestmentSecurities-1.26M-1.27M-3.31M2.04M
NetForeignCurrencyExchangeGainLoss69.00K275.00K151.00K0.00
NetIncomeFromContinuingOperations6.57M3.51M7.04M-2.32M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for TRX
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