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Stock impact report

TRX Gold Is A Conditional Buy (A Technical Analysis) [Seeking Alpha]

TRX Gold Corporation (TRX) 
NASDAQ:AMEX Investor Relations: tanzanianroyalty.com
Company Research Source: Seeking Alpha
My conditional Buy rating hinges on a 3-year horizon, gold prices above $3,000/oz, and investor risk tolerance for concentrated, country-specific exposure. Monte Carlo NAV simulation yields a median fair value of $0.69/share, well below the current $1.50, but positive skewness justifies upside potential for bullish gold investors. TRX underperforms GLD and GDX on risk-adjusted metrics, but offers outsized returns in bullish gold scenarios, making it suitable for those seeking leveraged gold price exposure. e-crow/iStock via Getty Images Investment Thesis My buy judgment for TRX Gold Corporation ( TRX ) is a highly conditional buy. After 4 years of a “dead” zone period despite increasing gold prices, the gold producer started delivering interesting results, becoming fully self-funded (zero debt on Show less Read more
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