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H.C. Wainwright Thinks Tanzanian Royalty Exploration’s Stock is Going to Recover

Tanzanian Royalty Exploration (TRXResearch Report) received a Buy rating and a $0.70 price target from H.C. Wainwright analyst Heiko Ihle today. The company’s shares closed last Monday at $0.32, close to its 52-week low of $0.26.

According to TipRanks.com, Ihle is ranked 0 out of 5 stars with an average return of -7.2% and a 31.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Peninsula Energy Limited.

Tanzanian Royalty Exploration has an analyst consensus of Moderate Buy, with a price target consensus of $0.70.

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Tanzanian Gold Corp. engages in the process of exploring and evaluating its mineral properties. Its main activity is exploring and developing gold properties in Tanzania. The firm projects include Buckreef Gold Mine Re-Development, Itetemia, and Kigosi. The company was founded on July 5, 1990 and is headquartered in Toronto, Canada.

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