H.C. Wainwright is Bullish on TRX Gold Corporation (TRX)

Group 1 - TRX Gold Corporation is recognized as one of the 11 Best Gold Stocks to Buy for 2026 [1] - H.C. Wainwright maintains a Buy rating for TRX Gold Corporation and raises its price target from $1.40 to $1.50 due to higher commodity price assumptions [2] - In Q1, TRX Gold Corporation reported revenue of $25.12 million, a significant increase from $12.53 million year-over-year, with a gross profit margin of 57% [3] Group 2 - The company sold 6,492 ounces of gold at an average realized price of $3,860 per ounce and achieved an EBITDA of $13.2 million, reflecting a 53% margin [3] - Management indicated that strong cash flow is facilitating upgrades in working capital, processing plant renovations, and increased research spending at the Buckreef Gold project [3]