Symbols / TRX $1.29 -0.77% TRX Gold Corporation

Basic Materials • Gold • Canada • ASE
TRX Chart
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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
Market Cap 420.13M Enterprise Value 426.55M Income -22.32M Sales 95.17M Book/sh 0.26 Cash/sh 0.08
Dividend Yield — Payout 0.00% Employees 241 IPO — P/E — Forward P/E 6.62
PEG 1.00 P/S 4.41 P/B 4.94 P/C — EV/EBITDA 26.68 EV/Sales 4.48
Quick Ratio 1.48 Current Ratio 2.37 Debt/Eq 4.59 LT Debt/Eq — EPS (ttm) -0.07 EPS next Y 0.20
EPS Growth — Revenue Growth 274.10% Earnings 2026-07-14 ROA 5.41% ROE -8.78% ROIC —
Gross Margin 60.57% Oper. Margin -22.04% Profit Margin -23.45% Shs Outstand 325.68M Shs Float 319.13M Short Float 0.76%
Short Ratio 0.53 Short Interest — 52W High 2.80 52W Low 0.30 Beta 0.90 Avg Volume 7.77M
Volume 2.97M Target Price $2.21 Recom Strong_buy Prev Close $1.30 Price $1.29 Change -0.77%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$2.21
Mean price target
2. Current target
$1.29
Latest analyst target
3. DCF / Fair value
$-1.54
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.29
Low
$1.80
High
$2.50
Mean
$2.21

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-16 reit HC Wainwright & Co. Buy → Buy $2
2026-03-02 main HC Wainwright & Co. Buy → Buy $2
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
News
RSS: Latest TRX news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-09 Leonard (Michael Patrick) Senior Officer of Issuer — 20,413 $1.65 $33,681
2026-03-09 Mullowney (Stephen) Senior Officer of Issuer — 101,716 $1.65 $167,831
2026-03-09 Rakhit (Shubo) Director of Issuer — 9,397 $1.65 $15,505
2026-03-09 Rashid (Khalaf) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) — 11,802 $1.65 $19,473
2026-02-10 Leonard (Michael Patrick) Senior Officer of Issuer — 3,681 $1.83 $6,736
2026-02-10 Mullowney (Stephen) Senior Officer of Issuer — 18,342 $1.83 $33,565
2026-02-10 Rakhit (Shubo) Director of Issuer — 1,694 $1.83 $3,100
2026-02-10 Rashid (Khalaf) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) — 2,128 $1.83 $3,894
2026-01-29 Betts (Norman Ph.D.) Director of Issuer — 10,000 $2.41 $24,130
2026-01-29 Betts (Norman Ph.D.) Director of Issuer — 10,000 $2.22 $22,240
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-08-31 2024-08-31 2023-08-31 2022-08-31
Total Revenue
57.61
+39.98%
41.16
+7.41%
38.32
+153.88%
15.09
Operating Revenue
57.61
+39.98%
41.16
+7.41%
38.32
+153.88%
15.09
Cost Of Revenue
33.67
+44.97%
23.23
+15.42%
20.13
+252.16%
5.71
Reconciled Cost Of Revenue
29.88
+42.07%
21.03
+11.49%
18.87
+235.77%
5.62
Gross Profit
23.94
+33.52%
17.93
-1.46%
18.19
+93.99%
9.38
Operating Expense
8.09
+15.66%
7.00
-8.27%
7.63
-14.48%
8.92
Selling General And Administration
7.90
+15.71%
6.82
-9.32%
7.53
-15.39%
8.89
General And Administrative Expense
7.90
+15.71%
6.82
-9.32%
7.53
-15.39%
8.89
Salaries And Wages
5.31
+22.17%
4.35
-19.18%
5.38
-11.80%
6.10
Other Gand A
2.35
+8.78%
2.16
+22.55%
1.76
-24.89%
2.35
Other Operating Expenses
0.14
+30.56%
0.11
—
0.21
Total Expenses
41.77
+38.19%
30.23
+8.91%
27.75
+89.64%
14.63
Operating Income
15.85
+44.94%
10.93
+3.46%
10.57
+2201.96%
0.46
EBITDA
18.70
+48.41%
12.60
-18.43%
15.45
+1300.08%
-1.29
Normalized EBITDA
—
—
—
0.58
Reconciled Depreciation
3.85
+70.22%
2.26
+65.93%
1.36
+1016.39%
0.12
EBIT
14.85
+43.64%
10.34
-26.59%
14.08
+1099.50%
-1.41
Total Unusual Items
0.72
-1.38%
0.73
-79.36%
3.52
+288.28%
-1.87
Total Unusual Items Excluding Goodwill
0.72
-1.38%
0.73
-79.36%
3.52
+288.28%
-1.87
Special Income Charges
-0.12
+80.21%
-0.58
—
-0.04
Other Special Charges
—
—
—
—
Impairment Of Capital Assets
—
—
—
—
Write Off
0.12
-80.21%
0.58
—
—
Net Income
0.69
+246.17%
-0.47
-120.89%
2.25
+136.20%
-6.22
Pretax Income
14.46
+39.87%
10.34
-16.48%
12.38
+756.20%
-1.89
Net Non Operating Interest Income Expense
-2.10
-59.15%
-1.32
+22.55%
-1.71
-257.86%
-0.48
Interest Expense Non Operating
0.39
+13033.33%
0.00
-99.82%
1.71
+257.86%
0.48
Net Interest Income
-2.10
-59.15%
-1.32
+22.55%
-1.71
-257.86%
-0.48
Interest Expense
0.39
+13033.33%
0.00
-99.82%
1.71
+257.86%
0.48
Other Income Expense
0.72
-1.38%
0.73
-79.36%
3.52
+288.28%
-1.87
Other Non Operating Income Expenses
—
—
—
-0.13
Tax Provision
7.89
+15.60%
6.83
+28.04%
5.33
+1122.71%
0.44
Tax Rate For Calcs
0.00
+0.00%
0.00
-62.50%
0.00
+52.61%
0.00
Tax Effect Of Unusual Items
0.11
-1.38%
0.11
-92.26%
1.41
+387.33%
-0.49
Net Income Including Noncontrolling Interests
6.57
+87.07%
3.51
-50.18%
7.04
+403.40%
-2.32
Net Income From Continuing Operation Net Minority Interest
0.69
+246.17%
-0.47
-120.89%
2.25
+136.20%
-6.22
Net Income From Continuing And Discontinued Operation
0.69
+246.17%
-0.47
-120.89%
2.25
+136.20%
-6.22
Net Income Continuous Operations
6.57
+87.07%
3.51
-50.18%
7.04
+403.40%
-2.32
Minority Interests
-5.88
-47.71%
-3.98
+17.00%
-4.79
-23.14%
-3.89
Normalized Income
0.08
+107.21%
-1.09
-877.61%
0.14
+102.89%
-4.84
Net Income Common Stockholders
0.69
+246.17%
-0.47
-120.89%
2.25
+136.20%
-6.22
Diluted EPS
0.00
0.00
-100.00%
0.01
+150.00%
-0.02
Basic EPS
0.00
0.00
-100.00%
0.01
+150.00%
-0.02
Basic Average Shares
293.17
+1.23%
289.62
+2.56%
282.40
+5.77%
267.00
Diluted Average Shares
295.28
+1.95%
289.62
+0.38%
288.53
+8.06%
267.00
Diluted NI Availto Com Stockholders
0.69
+246.17%
-0.47
-120.89%
2.25
+136.20%
-6.22
Depreciation Amortization Depletion Income Statement
0.06
-13.85%
0.07
-36.89%
0.10
+296.15%
0.03
Depreciation And Amortization In Income Statement
0.06
-13.85%
0.07
-36.89%
0.10
+296.15%
0.03
Depreciation Income Statement
0.06
-13.85%
0.07
-36.89%
0.10
+296.15%
0.03
Gain On Sale Of PPE
—
—
—
-0.04
Insurance And Claims
0.23
-26.20%
0.31
-17.63%
0.38
-14.41%
0.44
Other Taxes
—
—
—
0.00
Total Other Finance Cost
1.71
+29.64%
1.32
—
0.29
Line Item Trend 2023-08-31
Total Assets
84.20
Current Assets
17.19
Cash Cash Equivalents And Short Term Investments
7.63
Cash And Cash Equivalents
7.63
Cash Financial
7.63
Receivables
3.14
Accounts Receivable
3.14
Other Receivables
—
Taxes Receivable
—
Inventory
4.96
Raw Materials
4.22
Work In Process
0.69
Finished Goods
0.05
Prepaid Assets
0.80
Current Deferred Assets
0.67
Other Current Assets
—
Total Non Current Assets
67.01
Net PPE
64.06
Gross PPE
68.10
Accumulated Depreciation
-4.04
Machinery Furniture Equipment
24.69
Construction In Progress
0.00
Other Properties
0.35
Other Non Current Assets
2.95
Total Liabilities Net Minority Interest
23.14
Current Liabilities
17.81
Payables And Accrued Expenses
12.65
Payables
12.65
Accounts Payable
11.57
Current Accrued Expenses
—
Total Tax Payable
1.08
Income Tax Payable
1.08
Current Debt And Capital Lease Obligation
0.07
Current Capital Lease Obligation
0.07
Current Deferred Liabilities
1.55
Current Deferred Revenue
1.55
Other Current Liabilities
3.54
Total Non Current Liabilities Net Minority Interest
5.33
Long Term Debt And Capital Lease Obligation
0.04
Long Term Capital Lease Obligation
0.04
Long Term Provisions
0.83
Non Current Deferred Liabilities
4.46
Non Current Deferred Revenue
0.18
Non Current Deferred Taxes Liabilities
4.29
Stockholders Equity
53.90
Common Stock Equity
53.90
Capital Stock
164.82
Common Stock
164.82
Share Issued
277.63
Ordinary Shares Number
277.63
Treasury Shares Number
0.00
Retained Earnings
-121.42
Minority Interest
7.16
Total Equity Gross Minority Interest
61.06
Total Capitalization
53.90
Working Capital
-0.62
Invested Capital
53.90
Total Debt
0.10
Capital Lease Obligations
0.10
Net Tangible Assets
53.90
Tangible Book Value
53.90
Derivative Product Liabilities
—
Other Equity Interest
10.51
Line Item Trend 2025-08-31 2024-08-31 2023-08-31 2022-08-31
Operating Cash Flow
16.28
+6.29%
15.32
-11.61%
17.33
+486.36%
2.96
Cash Flow From Continuing Operating Activities
16.28
+6.29%
15.32
-11.61%
17.33
+486.36%
2.96
Net Income From Continuing Operations
6.57
+87.07%
3.51
-50.18%
7.04
+403.40%
-2.32
Depreciation Amortization Depletion
3.85
+70.22%
2.26
+65.93%
1.36
+1016.39%
0.12
Depreciation
3.85
+70.22%
2.26
+65.93%
1.36
+1016.39%
0.12
Depreciation And Amortization
3.85
+70.22%
2.26
+65.93%
1.36
+1016.39%
0.12
Other Non Cash Items
3.21
+8589.19%
0.04
+107.44%
-0.50
-114.34%
3.47
Stock Based Compensation
2.46
+21.47%
2.03
-24.88%
2.70
-13.36%
3.11
Asset Impairment Charge
0.12
-80.21%
0.58
+110.51%
0.28
0.00
Deferred Tax
6.17
+18.15%
5.22
+21.72%
4.29
0.00
Deferred Income Tax
6.17
+18.15%
5.22
+21.72%
4.29
0.00
Operating Gains Losses
-1.19
-19.78%
-1.00
+68.42%
-3.15
-252.29%
2.07
Gain Loss On Investment Securities
-1.26
+0.71%
-1.27
+61.54%
-3.31
-262.41%
2.04
Net Foreign Currency Exchange Gain Loss
0.07
-74.91%
0.28
+82.12%
0.15
0.00
Change In Working Capital
-4.90
-282.69%
2.68
-49.54%
5.31
+251.96%
-3.50
Change In Receivables
-1.39
-853.80%
0.18
+483.33%
-0.05
+97.69%
-2.08
Changes In Account Receivables
—
—
—
0.42
Change In Inventory
-5.57
-499.57%
-0.93
-7.03%
-0.87
+59.76%
-2.16
Change In Prepaid Assets
-0.48
-323.04%
0.22
+326.04%
-0.10
+89.02%
-0.87
Change In Payables And Accrued Expense
2.54
-20.67%
3.21
-49.26%
6.32
+291.27%
1.62
Change In Payable
2.54
-20.67%
3.21
-49.26%
6.32
+291.27%
1.62
Change In Account Payable
3.31
+17.49%
2.82
-47.21%
5.34
+352.54%
1.18
Investing Cash Flow
-14.36
-2.64%
-13.99
+21.73%
-17.87
-28.87%
-13.87
Cash Flow From Continuing Investing Activities
-14.36
-2.64%
-13.99
+21.73%
-17.87
-28.87%
-13.87
Net PPE Purchase And Sale
-13.70
-0.18%
-13.68
+23.10%
-17.79
-42.70%
-12.46
Purchase Of PPE
-13.70
-0.18%
-13.68
+23.10%
-17.79
-40.12%
-12.69
Sale Of PPE
—
—
—
0.23
Capital Expenditure
-13.70
-0.18%
-13.68
+23.10%
-17.79
-40.12%
-12.69
Net Other Investing Changes
-0.66
-111.25%
-0.31
-265.88%
-0.09
+93.94%
-1.40
Financing Cash Flow
-2.48
-297.12%
-0.62
-106.95%
-0.30
-105.08%
5.94
Cash Flow From Continuing Financing Activities
-2.48
-297.12%
-0.62
-106.95%
-0.30
-105.08%
5.94
Net Issuance Payments Of Debt
-1.23
-1606.94%
-0.07
+37.39%
-0.12
0.00
Issuance Of Debt
—
—
—
0.00
Repayment Of Debt
-1.23
-1606.94%
-0.07
+37.39%
-0.12
0.00
Long Term Debt Issuance
—
—
—
0.00
Long Term Debt Payments
-1.23
-1606.94%
-0.07
+37.39%
-0.12
0.00
Net Long Term Debt Issuance
-1.23
-1606.94%
-0.07
+37.39%
-0.12
0.00
Net Common Stock Issuance
—
0.00
-100.00%
0.11
-98.46%
7.15
Net Other Financing Charges
-1.25
-126.58%
-0.55
-86.20%
-0.30
+75.35%
-1.21
Changes In Cash
-0.56
-179.91%
0.70
+182.88%
-0.85
+82.96%
-4.97
Beginning Cash Position
8.33
+9.20%
7.63
-9.99%
8.48
-36.97%
13.45
End Cash Position
7.77
-6.73%
8.33
+9.20%
7.63
-9.99%
8.48
Free Cash Flow
2.58
+57.39%
1.64
+456.09%
-0.46
+95.28%
-9.74
Interest Paid Supplemental Data
0.35
+11600.00%
0.00
—
—
Income Tax Paid Supplemental Data
0.99
-18.39%
1.22
+1864.52%
0.06
0.00
Change In Income Tax Payable
-0.77
-297.17%
0.39
-60.43%
0.98
+125.46%
0.44
Change In Tax Payable
-0.77
-297.17%
0.39
-60.43%
0.98
+125.46%
0.44
Common Stock Issuance
—
0.00
-100.00%
0.11
-98.46%
7.15
Issuance Of Capital Stock
—
0.00
-100.00%
0.11
-98.46%
7.15
SEC Filings

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

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