TRX Gold price target raised to $1.75 from $1.50 at Alliance Global Partners

Alliance Global Partners raised the firm’s price target on TRX Gold to $1.75 from $1.50 and keeps a Buy rating on the shares. Although recently-reported Q2 results were “a touch below our estimates,” the firm expects the combination of gold prices hovering near all time highs and the completion of the mill expansion this quarter to drive a strong second half of the year, the analyst tells investors.