Roth Capital Raises TRX Gold Corporation (TRX) Gold Price Target to $2.25, Maintains Buy

Company Overview - TRX Gold Corporation (NYSE:TRX) is involved in the exploration, development, and production of mineral property interests in Tanzania, focusing on advancing projects through internally generated cash flow rather than equity financing [4] - The company was founded in 1990 and is headquartered in Oakville, Canada, with a strategy centered on disciplined capital allocation to scale operations while preserving shareholder value [4] Recent Developments - On February 9, Roth Capital raised its price target on TRX Gold Corporation to $2.25 from $1.25, maintaining a Buy rating, citing the company's strategy of moving directly into production to generate cash flow while minimizing shareholder dilution [1] - The analyst noted that disciplined financial management and current metal prices could enable TRX to reach its targeted long-term production levels without issuing additional equity [1] Governance and Shareholder Matters - On January 29, 2026, TRX Gold Corporation filed a Form 6-K with U.S. regulators regarding its upcoming annual general and special meeting of shareholders scheduled for February 25, 2026 [3] - The filing includes standard governance matters such as receiving audited financial statements for the fiscal year ended August 31, 2025, setting the board size at five directors, electing directors, appointing the auditor, and addressing other proper business [3]