TRX Should I Buy
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TRX Gold Corp is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available. The company has shown strong growth in gold production, significant revenue increases, and improved financial management. Positive analyst sentiment and a favorable gold price environment further support the investment case. While technical indicators suggest short-term weakness, the long-term fundamentals and positive catalysts outweigh these concerns.
The MACD is negative and expanding, indicating bearish momentum. RSI is neutral at 20.62, and moving averages are converging, showing no clear trend. The stock is trading near its support level (S1: 1.262), with resistance levels at R1: 1.56 and R2: 1.652. Short-term technicals suggest caution, but long-term potential remains strong.
Record gold production of 7,453 ounces in Q2
Improved financial position with $25M in cash and no outstanding warrants.
Analysts have raised price targets significantly, with the highest target at $2.
Robust gold price environment and increased central bank gold purchases.
Short-term technical indicators show bearish momentum.
Stock has a 50% chance of declining in the next day (-4.26%) and week (-6.34%).
In Q2 2026, revenue increased by 274.13% YoY to $34,072,000. Net income improved by 708.25% YoY to -$20,376,000. EPS rose by 600% YoY to -0.07. Gross margin grew by 163.96% YoY to 61.74%. These figures demonstrate significant operational and financial improvement.
Analysts are highly bullish on TRX. H.C. Wainwright raised the price target to $2.30, Alliance Global to $2.50, and Roth Capital to $2.25, all maintaining Buy ratings. Analysts highlight strong production growth, improved financials, and exploration upside.
