FY2024 EPS Estimates for TRX Gold Co. Increased by Roth Capital - MarketBeat
| TNX Stock | CAD 41.96 0.18 0.43% |
About 53% of TRX Gold's investor base is interested to short. The current sentiment regarding investing in TRX Gold Corp stock implies that many traders are impartial. TRX Gold's investing sentiment overview a quick insight into current market opportunities from investing in TRX Gold Corp. Many technical investors use TRX Gold Corp stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
TRX |
FY2024 EPS Estimates for TRX Gold Co. Increased by Roth Capital MarketBeat
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TRX Gold Fundamental Analysis
We analyze TRX Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TRX Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TRX Gold based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Working Capital
Working Capital Comparative Analysis
TRX Gold is currently under evaluation in working capital category among its peers. Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
TRX Gold Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TRX Gold stock to make a market-neutral strategy. Peer analysis of TRX Gold could also be used in its relative valuation, which is a method of valuing TRX Gold by comparing valuation metrics with similar companies.
Peers
TRX Gold Related Equities
| NG | NovaGold Resources | 5.61 | ||||
| LN | Loncor Resources | 4.35 | ||||
| ITH | International Tower | 1.54 |
Other Information on Investing in TRX Stock
TRX Gold financial ratios help investors to determine whether TRX Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TRX with respect to the benefits of owning TRX Gold security.