TRX Gold Corporation (TRX) is a publicly traded company in the Basic Materials — Gold industry listed on AMEX. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
TRX Gold Corporation engages in the exploration, development, and production of mineral property in Tanzania. Its flagship project is the Buckreef Gold Project in Tanzania. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022. The company was incorporated in 1990 and is based in Oakville, Canada.
Analysis Summary
Trailing-twelve-month margins: gross margin 58.2%, operating margin 47.8%, net margin -16.6%.
At the current price of $1.19, TRX has negative trailing earnings (P/E not meaningful) and an ROE of -26.91%. Market capitalisation stands at $390M.
Balance sheet quality for TRX: current ratio of 1.0, net cash position of $9.4M. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is strong: free cash flow of $2.6M represents 273% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Price
| Price | $1.19 |
| Market Cap | $390M |
| Exchange | AMEX |
| Country | CA |
Valuation Ratios
| Price / Book | 4.47 |
| EV / EBITDA | 9.18 |
| Dividend Yield | 0.00% |
Profitability
| Return on Equity | -26.91% |
| Return on Invested Capital | -0.90% |
| Return on Assets | -10.97% |
| Gross Margin | 58.18% |
| Operating Margin | 47.79% |
| Net Margin | -16.59% |
Financial Health
| Debt / Equity | 0.06 |
| Current Ratio | 2.20 |
What to look at in Basic Materials
Miners, chemicals, steel. 100% commodity-driven. Analysing them with pure P/E is a mistake — look at cost position and dividend sustainability.
- FCF yield — In commodities FCF is gold — EPS is very misleading
- Gross margin — 5y consistent gross margin = moat signal
- Net debt / EBITDA (trough) — Use EBITDA from the worst year of the cycle, not the current one
- Dividend coverage — Dividend covered by FCF in an average year, not at peak
- Capex / D&A — >1x = maintain/grow reserves. <0.7x = decapitalising
- Altman Z-Score — Bankruptcy model (NYU 1968) — combines liquidity, leverage and profitability. Key in cyclicals
- P/B across cycles — Commodities: 0.8-1.2x at troughs, 2x+ at peaks. <2x still reasonable zone
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| TRX | TRX Gold Corporation | $390M | 4.47 | -26.9% | |
| 0R4M.L | Lundin Gold Inc. | $155.5B | 17.08 | 29.38 | 81.6% |
| 0R2J.L | Agnico Eagle Mines Limited | $138.7B | 18.85 | 3.46 | 18.4% |
| AEM.TO | Agnico Eagle Mines Limited | $138.4B | 16.63 | 3.40 | 22.6% |
| NEM | Newmont Corporation | $128.3B | 14.93 | 3.57 | 25.0% |
| ABX.TO | Barrick Gold Corporation | $99.6B | |||
| 0R28.L | Newmont Corporation | $99.3B | |||
| AEM | Agnico Eagle Mines Limited | $99.0B | 16.24 | 3.32 | 22.6% |
Price Performance
| 1 month | +12.26% |
| 3 months | +30.04% |
| Year-to-date | +29.22% |
| 1 year | +129.42% |
| 3 years | +202.03% |
| 5 years | +138.81% |
52-Week Range
| 52-week High | $2.80 |
| 52-week Low | $0.51 |
| Avg Volume (90d) | 2.4M |
Related companies: BGL · BHST · CMT · FF · FRD · LVRO · NAMM
Explore sector: Basic Materials · Gold
More sections of TRX: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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