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TRX Gold Corporation (TRX.TO)

CAD1.12 +0.01 (+0.90%)
CA TSX Basic Materials Gold
Address 277 Lakeshore Road East L6J 6J3
Oakville, ON, CA
CEO Stephen Mullowney
IPO 2003-02-28
ISIN CA87283P1099

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Also trades on New York Stock Exchange American · TRX (USD) Toronto Stock Exchange · TNX.TO (CAD) Toronto Stock Exchange · TRX.TO (CAD)
Description

TRX Gold Corporation is engaged in the exploration, development, and production of mineral resources, operating exclusively within Tanzania. Its core asset is the Buckreef Gold Project, also situated in Tanzania. The company, originally established in 1990, rebranded from Tanzanian Gold Corporation to TRX Gold Corporation in May 2022. Its corporate headquarters are located in Oakville, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD1.12 +0.01 (+0.90%)
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Volume Profile
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Liquidity & share structure
Average Volume
208.9K
Beta
0.86
Float Shares
317.72M
Free Float %
97.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+3.15% -5.07% -24.28% -40.72% +8.26% +3.15% +178.72% +122.03% +74.67% +118.33% -27.62%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Buy
Price Targets & DCF
Current price
1.12
DCF (Unlevered) 3.95 +252.6%
DCF (Levered) 2.52 +125.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-06 Change
Strong Buy 0 0
Buy 3 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
8.84
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
2 / 10
No MOAT
Operational MOAT
✗ Below peers
  • Revenue growth Gold: +36.5%
    +153.9% Q1'26: +253.6% (vs Q1'25)
  • EPS growth Gold: +64.9%
    +214.9% Q1'26: -563.9% (vs Q1'25)
  • FCF margin FCF growth · Gold: +77.7%
    +36.7% Q1'26: -8.0% (vs Q1'25)
  • EBIT margin Gold: +25.8%
    +41.2% Q1'26: -21.4% (vs Q1'25)
  • ROIC Gold: +11.0%
    +17.7% Q1'26: -32.1% (vs Q1'25)
  • Share dilution Gold: -3.9%
    +8.1% Q1'26: +5.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Gold: -0.09×
    0.01× Q1'26: -0.22× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.86) × ERP
WACC = 100% × Ke + 0% × Kd (1,690.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 3.78 Current price: 1.12
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Aug 2020
actual
Aug 2022
actual
Aug 2023
actual
Aug 2024
actual
Aug 2025
actual
Aug 2026
4 Rev. Ana.
2 EPS Ana.
Aug 2027
3 Rev. Ana.
2 EPS Ana.
Revenue
est: 3.66M (-100.0%)
19.82M
est: 15.73M (+26.0%)
51.90M
est: 41.67M (+24.6%)
55.52M
est: 47.84M (+16.0%)
80.41M
est: 53.31M (+50.8%)
130.47M
122.57M – 141.28M
+144.7% YoY
165.89M
106.71M – 215.19M
+27.2% YoY
EBITDA
-7.29M
est: 2.53M (-388.4%)
-1.69M
est: 10.88M (-115.5%)
23.23M
est: 28.82M (-19.4%)
18.24M
est: 19.47M (-6.3%)
27.68M
est: 21.70M (+27.6%)
53.10M
49.89M – 57.51M
+144.7% YoY
67.52M
43.44M – 87.59M
+27.2% YoY
EBIT
-7.47M
est: 2.50M (-399.0%)
-1.85M
est: 10.74M (-117.2%)
21.39M
est: 28.46M (-24.8%)
15.02M
est: 17.84M (-15.8%)
22.11M
est: 19.88M (+11.3%)
48.65M
45.70M – 52.68M
+144.7% YoY
61.85M
39.79M – 80.24M
+27.2% YoY
Net Income
-10.96M
est: -17.59M (+37.7%)
-3.05M
est: 1.04M (-392.5%)
3.05M
est: 7.74M (-60.6%)
-634.0K
est: 7.07M (-109.0%)
958.8K
est: 3.97M (-75.8%)
2.14M
2.10M – 2.17M
-46.1% YoY
51.74M
32.21M – 71.26M
+2,318.8% YoY
SGA
5.86M
est: 2.76M (+112.2%)
11.40M
est: 11.87M (-3.9%)
10.19M
est: 31.43M (-67.6%)
9.28M
est: 19.84M (-53.2%)
10.85M
est: 22.11M (-50.9%)
54.11M
50.83M – 58.59M
+144.7% YoY
68.80M
44.25M – 89.24M
+27.2% YoY
EPS
-0.07
est: -0.06 (-9.7%)
-0.01
est: 0.00 (-415.6%)
0.01
est: 0.03 (-59.7%)
0.00
est: 0.02 (-109.2%)
0.00
est: 0.01 (-75.4%)
0.01
0.01 – 0.01
-46.1% YoY
0.18
0.11 – 0.24
+2,318.8% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-04-16 HC Wainwright & Co. Buy Buy Maintain

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
72.24M
OE per share TTM
0.25
Owner's Yield
18.76%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
550.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares S&P/TSX Global Gold Index ETF XGD.TO 0.04% 934.3K 0.60%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
91.8K
Shares Outstanding
325.68M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Stephen Mullowney Chief Executive Officer & Director 1M male
Richard Boffey Chief Operating Officer 1M male
Michael Leonard Chief Financial Officer 625.9K male
Khalaf Rashid Senior Vice President of Tanzania 486.8K male
Christina Lalli Vice President of Investor Relations 201.7K female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend history

Earnings history

Earnings reports

Stock splits