TRX Gold Corporation's stock surged 30.57% as it reached a 52-week high, driven by the significant rise in gold prices.
The company's revenue soared to a record $25.1 million in Q1, with adjusted EBITDA margins increasing from 35.2% to 52.5%, reflecting enhanced profitability amid gold prices that have surged 87% since early 2025. Additionally, TRX Gold plans to fund a $30 million plant expansion through internally generated cash flow, showcasing confidence in future growth despite the risks associated with its reliance on the Buckreef Gold Project in Tanzania.
This strong performance highlights TRX Gold's appeal as a leveraged investment in gold, attracting increased investor attention and positioning the company favorably for continued growth in a bullish market environment.
Wall Street analysts forecast TRX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRX is 1.47 USD with a low forecast of 1.25 USD and a high forecast of 1.75 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast TRX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRX is 1.47 USD with a low forecast of 1.25 USD and a high forecast of 1.75 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.180
Low
1.25
Averages
1.47
High
1.75
Current: 2.180
Low
1.25
Averages
1.47
High
1.75
H.C. Wainwright
Heiko Ihle
Buy
maintain
2026-01-16
Reason
H.C. Wainwright
Heiko Ihle
Price Target
AI Analysis
2026-01-16
maintain
Buy
Reason
H.C. Wainwright analyst Heiko Ihle raised the firm's price target on TRX Gold to $1.50 from $1.40 and keeps a Buy rating on the shares. The firm cites higher prices in its commodity price deck for the target bump.
Roth Capital
Mike Niehuser
Buy
maintain
2025-12-12
Reason
Roth Capital
Mike Niehuser
Price Target
2025-12-12
maintain
Buy
Reason
Roth Capital analyst Mike Niehuser raised the firm's price target on TRX Gold to $1.25 from 85c and keeps a Buy rating on the shares. The company achieved record results for most of the metrics in Q4, resulting in a strong finish to FY25 ending August 31, 2025, the analyst tells investors in a research note. By investing cash flow in expanding and optimizing operations and mine development, TRX increased throughput and maintained record levels of gold production, the firm added.
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H.C. Wainwright
Buy
maintain
2025-12-02
Reason
H.C. Wainwright
Price Target
2025-12-02
maintain
Buy
Reason
H.C. Wainwright raised the firm's price target on TRX Gold to $1.40 from $1.20 and keeps a Buy rating on the shares. The company's revenue grew in fiscal 2025 and its free cash flow is funding the growth, the analyst tells investors in a research note.
H.C. Wainwright
Buy
maintain
2025-11-05
Reason
H.C. Wainwright
Price Target
2025-11-05
maintain
Buy
Reason
H.C. Wainwright raised the firm's price target on TRX Gold to $1.20 from $1.10 and keeps a Buy rating on the shares after the company updated its processing plant expansion and upgrade project at the Buckreef Gold Project.
About TRX
TRX Gold Corporation is a Canada-based gold company advancing the Buckreef Gold Project in Tanzania. The Company is engaged in the exploration, development and production of mineral property interests in the United Republic of Tanzania. The Buckreef Project's prospects include Buckreef, Bingwa, Tembo, Eastern Porphyry and Buziba. The Buckreef Project encompasses three main mineralized zones: Buckreef South, Buckreef Main and Buckreef North. The Company produces gold at its 2,000 tons per day processing plant. The Buckreef Gold Project hosts a Measured and Indicated Mineral Resource of 10.8 million tonnes (MT) at 2.57 grams per tonne (g/t) gold containing 893,000 ounces (oz) of gold and an Inferred Mineral Resource of 9.1 MT at 2.47 g/t gold for 726,000 oz of gold. Its Eastern Porphyry and Anfield zones are located approximately 250 m to 700 metres (m) east of the Buckreef Main Zone.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
