Core Insights - TRX Gold Corporation has announced promising drill results from the Stamford Bridge Shear Zone, with significant gold intersections reported from drill holes BMDD319, BMDD320, and BMDD321 [1][2][3] - The Stamford Bridge Zone is geologically similar to the Buckreef Main Zone and shows potential for a mineralized shear zone extending over 1 kilometer [2][9] Drill Results Summary - Hole BMDD319 intersected 21 meters at 8.63 g/t Au from 81 meters [1] - Hole BMDD320 intersected 20.50 meters at 5.14 g/t Au from 125.5 meters [1] - Hole BMDD321 intersected 5 meters at 2.74 g/t Au from 157 meters [1] - These results confirm downdip and up-dip extensions of previously identified mineralized zones [2] Geological Significance - The drill results confirm an interpreted mineralized shear zone trending 070 degrees East Northeast, with intersections covering approximately 150 meters of strike length [2][9] - The Stamford Bridge Zone is located between the Buckreef Main Zone and the Eastern Porphyry deposit, indicating its potential significance [2] Future Exploration Plans - The company plans to conduct a ground geophysical survey to support targeted drilling in the Stamford Bridge Zone [3]

Core Insights - The Zacks Rank system emphasizes earnings estimates and revisions to identify winning stocks, while also considering trends in value, growth, and momentum for strong investment picks [1][2]. Value Investing - Value investing remains a popular strategy across various market conditions, utilizing established valuation metrics to identify undervalued stocks [2]. - The Zacks Rank and Style Scores system assist investors in finding stocks with specific traits, particularly in the "Value" category for value investors [3]. Company Spotlight: TRX Gold Corporation - TRX Gold Corporation (TRX) currently holds a Zacks Rank of 2 (Buy) and an A grade for Value, indicating strong potential [4]. - The stock's P/E ratio is 5.37, significantly lower than the industry average of 12.60, suggesting it may be undervalued [4]. - Over the past year, TRX's Forward P/E has fluctuated between 5.37 and 37.87, with a median of 6.96 [4]. - The P/S ratio for TRX is 2.38, compared to the industry's average P/S of 2.87, further indicating potential undervaluation [5]. - Overall, TRX's strong earnings outlook and key metrics suggest it is an impressive value stock at this time [6].

Core Insights - TRX Gold Corporation reported record financial results for the year ending August 31, 2024, with annual gold production of 19,389 ounces and record revenue of $41.2 million, driven by high gold prices and operational efficiencies [2][4][5] Financial Performance - Annual production of gold was 19,389 ounces, slightly down from 20,759 ounces in 2023, while gold sold was 19,075 ounces compared to 20,864 ounces in the previous year [4] - Full year revenue reached $41.2 million, an increase from $38.3 million in 2023, with gross profit of $17.9 million, representing a gross margin of 44% [4][5] - Operating cash flow for the year was $15.3 million, consistent with the previous year, and adjusted EBITDA also reached a record $15.3 million, up from $13.7 million in 2023 [4][5] Operational Highlights - The company successfully expanded its processing plant to 2,000 tonnes per day (tpd), which was fully commissioned at the end of Q4 2024, enhancing throughput and expected to benefit gold production in fiscal 2025 [2][6] - In Q4 2024, the company poured 5,767 ounces of gold, a 25% increase from the previous quarter, and sold 5,715 ounces at an average realized price of $2,412 per ounce [5][6] Exploration and Growth Potential - The discovery of the Stamford Bridge Zone, a new gold mineralization shear zone, was announced, with the best drill results ever recorded for the company, indicating significant exploration potential [2][7] - The company plans to increase exploration drilling in fiscal 2025, focusing on high-priority gold zones including Stamford Bridge and Buckreef Main [7][9] Future Outlook - For fiscal 2025, gold production is expected to exceed fiscal 2024 levels, with a waste stripping campaign planned to access high-grade ore blocks, anticipated to enhance production in the latter half of the year [9] - Cash costs per ounce are expected to remain in line with fiscal 2024 levels, with a slight increase in H1 2025 and a decrease in H2 2025 as higher-grade ore becomes accessible [9]

Company Performance - TRX Gold reported quarterly earnings of $0.01 per share, matching the Zacks Consensus Estimate, and the same as the previous year [1] - The company posted revenues of $13.62 million for the quarter ended August 2024, missing the Zacks Consensus Estimate by 17.44%, compared to $9.19 million in the same quarter last year [2] - Over the last four quarters, TRX Gold has not surpassed consensus EPS estimates and has topped revenue estimates only once [2] Stock Movement and Outlook - TRX Gold shares have declined approximately 7.3% since the beginning of the year, while the S&P 500 has gained 25.8% [4] - The company's earnings outlook is mixed, with current consensus EPS estimates of $0.02 on $19.5 million in revenues for the coming quarter and $0.07 on $70.65 million in revenues for the current fiscal year [8] - The Zacks Rank for TRX Gold is currently 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Context - The Mining - Gold industry, to which TRX Gold belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact TRX Gold's stock performance [6]

TORONTO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) is excited to announce, once again, another best drill results ever, on a gram x tonne x meters (“gtm”) basis with hole BMDD315 intersecting 37 metres (“m”) @ 6.86 g/t Au (253.82 gtm) from 130 m. This drill hole result is approximately 250 m east of the Buckreef Main Zone—host to Buckreef Gold’s 2M+ ounce Au Mineral Resource1 and where current operations are ongoing in the Main Pit—a ...

TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) is excited to announce its best drill result ever, on a gram x tonne x meters (“gtm”) basis with hole BMDD310 intersecting 35.5 metres (“m”) @ 5.48 g/t Au (194.54 gtm) from 64 m. This drill hole result is approximately 200 m east of the Buckreef Main Zone, host to Buckreef Gold’s 2M+ ounce Au Mineral Resource1 and where current operations are ongoing in the Main Pit. The Company is a ...

TORONTO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the "Company" or "TRX Gold") is pleased to announce completion of the ongoing metallurgical variability study at the Buckreef Gold Project, with results confirming excellent gold recovery rates for the processing of sulphide ore. Metallurgical test work on the sulphide ore portion of the project, which encompasses approximately 90% of the Buckreef Main Zone's 2M+ ounce Au Measured and Indicated Mineral Resources ...

TRX Gold Corporation (NYSE:TRX) Q3 2024 Earnings Conference Call July 23, 2024 11:00 AM ET Company Participants Christina Lalli - VP, IR Stephen Mullowney - CEO & Director Mike Leonard - CFO Conference Call Participants Mike Niehuser - ROTH Capital Partners Craig Sutherland - Conceptual Solutions Stephen Reiser - Family Office Operator Everyone, we'll just pause for a moment as participants make their way in from the lobby. It's now my pleasure to introduce Christina Lalli, Vice President Investor Relations ...

About this content Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of ...

TORONTO, July 15, 2024 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX:TRX) (NYSE:TRX) (the "Company" or "TRX Gold") is pleased to announce the completion of the expanded processing plant to 2,000 tonnes per day ("tpd"), and also reported its results for the third quarter of 2024 ("Q3 2024") for the three months ended May 31, 2024. Financial results are available on the Company's website at www.TRXgold.com. Project highlights include: Immediate and positive impact on milling capacity: The newly expanded 2,000 ...