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

TRX Gold Corporation (NYSE:TRX) is among the 11 Best Gold Stocks to Buy for 2026.

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

On January 16, 2026, TheFly reported that H.C. Wainwright kept its Buy rating. It boosted its price objective for TRX Gold Corporation (NYSE:TRX) from $1.40 to $1.50. Higher assumptions in the company’s commodities price deck were attributed by the analyst to the target hike.

On January 15, 2026, TRX Gold Corporation (NYSE:TRX) announced $25.12 million in Q1 revenue, up from $12.53 million in the same period last year. The corporation sold 6,492 ounces of gold at an average realized price of $3,860 per ounce during the quarter while pouring a record 6,597 ounces. EBITDA was $13.2 million, or a 53% margin, while gross profit was $14.2 million, or a 57% margin. According to management, solid cash flow supported working capital upgrades, the development of plans to renovate and develop the processing plant, and increased research spending to better identify resources at the Buckreef Gold project.

TRX Gold Corporation (NYSE:TRX) explores, develops, and produces mineral property interests in the United Republic of Tanzania.

While we acknowledge the risk and potential of TRX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TRX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.