TRX Gold Corporation Faces Decline Amid Broader Market Weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 18 2025
0mins
Should l Buy TRX?
Source: Coinmarketcap
TRX Gold Corporation's stock fell by 26.61% as it crossed below the 5-day SMA, reflecting a challenging trading environment.
Despite the significant rise in gold prices, which surged 87% since early 2025, TRX Gold's reliance on the Buckreef Gold Project in Tanzania poses risks. The company has reported a record revenue of $25.1 million in Q1 and plans to fund a $30 million plant expansion, but the stock's recent decline indicates sector rotation amid broader market weakness, with the Nasdaq-100 down 1.27% and the S&P 500 down 0.50%.
The implications of this decline suggest that while TRX Gold has strong fundamentals, external market pressures are impacting its stock performance. Investors may need to consider the volatility associated with single-project mining companies.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy TRX?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on TRX
Wall Street analysts forecast TRX stock price to rise 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
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 1.440
Low
1.25
Averages
1.47
High
1.75
Current: 1.440
Low
1.25
Averages
1.47
High
1.75
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.
XRP Faces Increased Risk of Price Decline
- Poor Start to the Year: XRP has dropped 22% since the beginning of the year, currently trading at $1.47, which is a 60% decline from its 52-week high of $3.65, indicating a lack of market confidence that could lead to further investor withdrawals.
- Psychological Price Pressure: Analysts suggest that XRP may fall below the critical $1 psychological level, which would negatively impact market sentiment and exacerbate the risk of price decline.
- Historical Performance Review: Throughout much of its history, XRP has traded below $1, with a lack of institutional adoption and regulatory uncertainty hindering its ability to break this price barrier, reflecting a pessimistic outlook on its future.
- Supply Impact: With a circulating supply of 60 billion XRP and a maximum supply of 100 billion, the lack of scarcity diminishes the potential for price increases, and even if it drops to $1 by 2026, it would still hold a market cap of $60 billion, highlighting its fragile market position.
See More
TRX Gold: Potential and Challenges of a High-Risk Investment
- Stock Volatility: TRX Gold's stock price surged above $1 in 2026 alongside rising gold prices, yet it currently trades below $2, with a market cap of approximately $465 million, highlighting its high-risk nature.
- Market Competition: Compared to Barrick Mining's nearly $80 billion market cap, TRX Gold, as a small company, faces significant competitive pressure, leading conservative investors to typically avoid such startups.
- Growth Potential: Despite the risks, TRX Gold operates a producing gold mine in Africa, which could lead to profitability if production expansion is successful, although this requires substantial upfront capital investment.
- Gold Price Dependency: The rise in TRX Gold's stock price is closely tied to gold prices; if gold prices decline, the stock is likely to follow suit, necessitating careful risk assessment by investors regarding market volatility.
See More
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
See More
Tron Founder Accused of Market Manipulation
- Market Manipulation Allegations: Zeng Ying claims to have been in a relationship with Justin Sun and accuses him of manipulating the market by using multiple accounts on Binance to conduct coordinated buying and selling, which, if true, could significantly impact his reputation and wealth.
- Evidence Disclosure Commitment: Zeng stated her willingness to fully cooperate with an SEC investigation and to submit WeChat chat records and other relevant evidence from Sun's employees, which could lead to legal repercussions and regulatory scrutiny.
- Insider Trading Claims: She asserts that insider trading and predatory practices involving TRX on Binance are the source of Sun's wealth, and if substantiated, these claims could attract widespread attention and potential regulatory actions in the cryptocurrency market.
- Public Reaction: The revelation has shocked many, with some demanding answers from Sun, while others are curious about why Zeng remained silent for eight years, potentially affecting Sun's public image and market trust.
See More
Tron, a Publicly Traded Company, Purchases 173,051 TRX at an Average Cost of $0.29, Raising Total Holdings to 679.2 Million TRX
Company Acquisition: Tron Inc. announced the purchase of 173,051 TRX at an average price of $0.29, increasing its TRX treasury holdings to 679.2 million TRX.
Expansion Plans: The company stated its intention to continue expanding its Tron Dapp and Protocol holdings to enhance long-term value for shareholders.
See More
Golden Goose Resources Acquires Argentine Gold-Silver Project
- Acquisition Milestone: Golden Goose Resources has signed an agreement with Valcheta Exploraciones to acquire the Gran Esperanza Project, covering 44,400 hectares, marking a significant advancement in the company's portfolio of high-grade precious metal projects.
- Rapid Production Potential: Historical data from the Gran Esperanza project indicates gold veins averaging 1 to 5 meters in width, with historical sampling returning grades as high as 24.0 grams per tonne, showcasing the project's potential for delivering high-impact results quickly.
- Infrastructure Advantage: Located just 2 kilometers from a paved highway with gentle topography, the project benefits from excellent access, enhancing Golden Goose's development capabilities and competitiveness in the region.
- Favorable Market Conditions: With gold prices reaching historical highs, the acquisition positions Golden Goose Resources favorably in a competitive market, as large-scale mining deals are projected to increase by 45% through 2026.
See More
XRP Faces Increased Risk of Price Decline
- Poor Start to the Year: XRP has dropped 22% since the beginning of the year, currently trading at $1.47, which is a 60% decline from its 52-week high of $3.65, indicating a lack of market confidence that could lead to further investor withdrawals.
- Psychological Price Pressure: Analysts suggest that XRP may fall below the critical $1 psychological level, which would negatively impact market sentiment and exacerbate the risk of price decline.
- Historical Performance Review: Throughout much of its history, XRP has traded below $1, with a lack of institutional adoption and regulatory uncertainty hindering its ability to break this price barrier, reflecting a pessimistic outlook on its future.
- Supply Impact: With a circulating supply of 60 billion XRP and a maximum supply of 100 billion, the lack of scarcity diminishes the potential for price increases, and even if it drops to $1 by 2026, it would still hold a market cap of $60 billion, highlighting its fragile market position.
See More
TRX Gold: Potential and Challenges of a High-Risk Investment
- Stock Volatility: TRX Gold's stock price surged above $1 in 2026 alongside rising gold prices, yet it currently trades below $2, with a market cap of approximately $465 million, highlighting its high-risk nature.
- Market Competition: Compared to Barrick Mining's nearly $80 billion market cap, TRX Gold, as a small company, faces significant competitive pressure, leading conservative investors to typically avoid such startups.
- Growth Potential: Despite the risks, TRX Gold operates a producing gold mine in Africa, which could lead to profitability if production expansion is successful, although this requires substantial upfront capital investment.
- Gold Price Dependency: The rise in TRX Gold's stock price is closely tied to gold prices; if gold prices decline, the stock is likely to follow suit, necessitating careful risk assessment by investors regarding market volatility.
See More
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
See More
Tron Founder Accused of Market Manipulation
- Market Manipulation Allegations: Zeng Ying claims to have been in a relationship with Justin Sun and accuses him of manipulating the market by using multiple accounts on Binance to conduct coordinated buying and selling, which, if true, could significantly impact his reputation and wealth.
- Evidence Disclosure Commitment: Zeng stated her willingness to fully cooperate with an SEC investigation and to submit WeChat chat records and other relevant evidence from Sun's employees, which could lead to legal repercussions and regulatory scrutiny.
- Insider Trading Claims: She asserts that insider trading and predatory practices involving TRX on Binance are the source of Sun's wealth, and if substantiated, these claims could attract widespread attention and potential regulatory actions in the cryptocurrency market.
- Public Reaction: The revelation has shocked many, with some demanding answers from Sun, while others are curious about why Zeng remained silent for eight years, potentially affecting Sun's public image and market trust.
See More
Tron, a Publicly Traded Company, Purchases 173,051 TRX at an Average Cost of $0.29, Raising Total Holdings to 679.2 Million TRX
Company Acquisition: Tron Inc. announced the purchase of 173,051 TRX at an average price of $0.29, increasing its TRX treasury holdings to 679.2 million TRX.
Expansion Plans: The company stated its intention to continue expanding its Tron Dapp and Protocol holdings to enhance long-term value for shareholders.
See More
Golden Goose Resources Acquires Argentine Gold-Silver Project
- Acquisition Milestone: Golden Goose Resources has signed an agreement with Valcheta Exploraciones to acquire the Gran Esperanza Project, covering 44,400 hectares, marking a significant advancement in the company's portfolio of high-grade precious metal projects.
- Rapid Production Potential: Historical data from the Gran Esperanza project indicates gold veins averaging 1 to 5 meters in width, with historical sampling returning grades as high as 24.0 grams per tonne, showcasing the project's potential for delivering high-impact results quickly.
- Infrastructure Advantage: Located just 2 kilometers from a paved highway with gentle topography, the project benefits from excellent access, enhancing Golden Goose's development capabilities and competitiveness in the region.
- Favorable Market Conditions: With gold prices reaching historical highs, the acquisition positions Golden Goose Resources favorably in a competitive market, as large-scale mining deals are projected to increase by 45% through 2026.
See More
