TRX Should I Buy
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TRX Gold Corp is a good buy for a beginner investor with a long-term focus and $50,000-$100,000 available for investment. The company's strong production growth, improved financial position, and positive analyst ratings support this decision. Despite minor technical weaknesses, the long-term potential and positive sentiment outweigh short-term concerns.
The MACD is below 0 and negatively contracting, indicating a bearish trend. RSI is neutral at 24.379, and moving averages are converging, suggesting indecision. Key support is at 1.277, and resistance is at 1.659. The stock is currently trading near its support level, which could present a buying opportunity for long-term investors.
Record gold production of 7,453 ounces in Q2 2026, up 13% QoQ.
Revenue increased by 40% to $57.6 million in the first full year of operations.
All outstanding warrants retired, reducing dilution risk.
Plans to increase processing capacity at Buckreef to 3,000 metric tons per day, potentially yielding 62,000 ounces of gold annually.
Analysts raised price targets significantly, with a consensus Buy rating.
Net income dropped significantly to -$4.17 million, down 524.87% YoY.
Technical indicators show a bearish trend with no clear reversal signals.
In Q1 2026, revenue increased by 100.49% YoY to $25.12 million, gross margin improved to 56.54%, but net income dropped to -$4.17 million, reflecting a significant decline in profitability. EPS remained flat at -0.01.
Analysts are highly optimistic about TRX Gold, with multiple firms raising price targets (e.g., H.C. Wainwright to $2.30, Alliance Global to $2.50, Roth Capital to $2.25) and maintaining Buy ratings. Analysts highlight strong production growth, improved financial management, and exploration upside as key drivers.
