TRX Stock Forecast & Price Target

TRX Gold Corp has demonstrated a robust financial position, exhibiting a 23% year-over-year increase in revenue, primarily driven by a significant rise in average realized gold pricing, which soared to $3,122 per ounce, reflecting a 39% improvement. The company has also reported enhanced working capital due to strong cash flow generated after the quarter-end, positioning it for improved production capabilities in the near term. With gold prices increasing by 37.4% since mid-July 2024, and ongoing demand drivers expected to sustain this upward trajectory, the outlook for TRX Gold remains positive.

TRX Gold Corp reported revenue of $12.5 million for the quarter, showing an increase from the $10.1 million generated in the previous fiscal quarter. Despite this revenue growth, the company still reported a net loss of $0.2 million, which is an improvement from a larger net loss of $1.7 million in the prior period. These results reflect ongoing challenges in achieving profitability, raising concerns about the company’s long-term financial stability.