TRX Gold Corporation is a gold exploration company headquartered in Oakville, Canada. The flagship project of the company, named Buckreef Gold Project is located in Tanzania and most of the projects of the company is based in Tanzania. TRX Gold Corporation owns 55% of the Buckreef Gold Project while the rest is held by the local government. Earlier the company was known as Tanzanian Gold Corporation.
As an investor who is considering to invest in the company, you should read this article on TRX Gold Corporation (TRX) Stock price prediction to know about the price-forecast.
TRX Gold Corporation (TRX) Stock – Historical Pricing
| TRX Gold Corporation (TRX) historical stock price year | Historical Price |
| TRX Gold Corporation (TRX) historical stock price in 2014 | 0.72 CAD |
| TRX Gold Corporation (TRX) historical stock price in 2015 | 0.365 CAD |
| TRX Gold Corporation (TRX) historical stock price in 2016 | 0.67 CAD |
| TRX Gold Corporation (TRX) historical stock price in 2017 | 0.350 CAD |
| TRX Gold Corporation (TRX) historical stock price in 2018 | 0.480 CAD |
| TRX Gold Corporation (TRX) historical stock price in 2019 | 0.79 CAD |
| TRX Gold Corporation (TRX) historical stock price in 2020 | 0.84 CAD |
| TRX Gold Corporation (TRX) historical stock price in 2021 | 0.490 CAD |
| TRX Gold Corporation (TRX) historical stock price in 2022 | 0.450 CAD |
| TRX Gold Corporation (TRX) historical stock price in 2023 | 0.53 CAD |
TRX Gold Corporation (TRX) Stock Historical Pricing – 2014
2013’s downtrend turned into an uptrend from the very first months of 2014. The stock price went to hit 3.13 CAD in March 2024. After a two-month-long consolidation phase, the stock again entered an uptrend and recorded a ‘lower-high’. After that, the stock price went on a very strong downtrend which made the price go as low as 0.72 CAD in December.
TRX Gold Corporation (TRX) Stock Historical Pricing – 2015
The effect of the downtrend continued even in 2015. In March, it caused the share price of TRX Gold Corporation to crash 38.41%. It also continued dragging the price down till December, as the stock closed at just 0.365 CAD, against its opening price of 0.72 CAD in January 2015.
TRX Gold Corporation (TRX) Stock Historical Pricing – 2016
Though the share price of TRX Gold Corporation went down more than 34.88% in March 2016, it didn’t cause any lasting impact on the shares. From the very next month, TSX: TRX began to break all resistances, and the price continued to make new highs. The stock price zoomed 600% to 1.95 CAD in the span of just five months. Later, however, the stock couldn’t sustain the high and closed down at 0.67 CAD by the year-end.
TRX Gold Corporation (TRX) Stock Historical Pricing – 2017
Though the shares of TRX Gold Corporation tried to maintain a sideways trend at the beginning of 2017, it eventually failed as the stock started moving downwards from May 2017. The same company whose stocks were trading as high as 0.79 CAD in May 2017, was priced at just 0.350 CAD by the end of the year.
TRX Gold Corporation (TRX) Stock Historical Pricing – 2018
In the first four months, TRX Gold Corporation’s stocks has a phenomenal growth. However, from May 2018, the price went downwards and closed at just 0.480 CAD in December 2018.
TRX Gold Corporation (TRX) Stock Historical Pricing – 2019
In January 2019, the stock price of TSX: TRX went up by 62.50%. In July 2019, the shares reached the highest price of the year, CAD 1.56. In the last month of the year, its share price fell down 28.18% to just 0.79 CAD.
TRX Gold Corporation (TRX) Stock Historical Pricing – 2020
In 2020, the share price of TRX Gold Corporation again tried moving up and recorded a high of 1.49 CAD. However, shortly after that, TRX’s share price fell to just 0.84 CAD by the end of the year.
TRX Gold Corporation (TRX) Stock Historical Pricing – 2021
In the year 2021, TRX Gold Corporation’s share price mainly went downwards after creating a massive high at 2.12 CAD in January. After January, the shares of TRX Gold Corporation were created only 2 months in 2021 when the share price closed in green. The ending price of TRX Gold Corporation’s share for 2021 was 0.490 CAD.
TRX Gold Corporation (TRX) Stock Historical Pricing – 2022 & 2023
TRX Gold Corporation’s share closed at a lower price in 2022 than its opening price. While the shares started trading at 0.51 CAD at the beginning of 2022, they ceased trading in 2022 at 0.450 CAD. For 2023, the numbers were 0.450 CAD and 0.53 CAD respectively, which implied that the shares made a decent recovery in the last year.
TRX Gold Corporation (TRX) Stock Price Prediction 2024 – 2045
| TRX Gold Corporation (TRX) Stock Price Prediction | Prediction Price (CAD) |
| TRX Gold Corporation (TRX) Stock Price Prediction for 2024 | 0.60 |
| TRX Gold Corporation (TRX) Stock Price Prediction for 2025 | 0.636 |
| TRX Gold Corporation (TRX) Stock Price Prediction for 2026 | 0.674 |
| TRX Gold Corporation (TRX) Stock Price Prediction for 2027 | 0.715 |
| TRX Gold Corporation (TRX) Stock Price Prediction for 2028 | 0.757 |
| TRX Gold Corporation (TRX) Stock Price Prediction for 2029 | 0.803 |
| TRX Gold Corporation (TRX) Stock Price Prediction for 2030 | 0.851 |
| TRX Gold Corporation (TRX) Stock Price Prediction for 2035 | 1.139 |
| TRX Gold Corporation (TRX) Stock Price Prediction for 2040 | 1.524 |
| TRX Gold Corporation (TRX) Stock Price Prediction for 2045 | 2.040 |
TRX Gold Corporation (TRX) Stock Price Prediction 2024
In the current year, the share price had improved from March to May 2024. After that, the stock has been respecting the support level at 0.53 for a few months in a row. The price at which our analysts expect the shares of TRX Gold Corporation to close is 0.60 CAD.
| Month | Share price in CAD |
| January | 0.51 |
| February | 0.460 |
| March | 0.460 |
| April | 0.53 |
| May | 0.62 |
| June | 0.64 |
| July | 0.53 |
| August | 0.59 |
| September | 0.53 |
| October | 0.53 |
| November | 0.57 |
| December | 0.60 |
TRX Gold Corporation (TRX) Stock Price Prediction 2025
The average price of the stock of TRX Gold Corporation for 2025 will be CAD 0.619, with a high forecast of CAD 0.636, and a lower forecast of CAD 0.603.
| Month | Share price in CAD |
| January | 0.603 |
| February | 0.606 |
| March | 0.609 |
| April | 0.612 |
| May | 0.615 |
| June | 0.618 |
| July | 0.621 |
| August | 0.624 |
| September | 0.627 |
| October | 0.630 |
| November | 0.633 |
| December | 0.636 |
TRX Gold Corporation (TRX) Stock Price Prediction 2026
The average price of the stock of TRX Gold Corporation for 2026 will be CAD 0.656, with a high forecast of CAD 0.674, and a lower forecast of CAD 0.639.
| Month | Share price in CAD |
| January | 0.639 |
| February | 0.642 |
| March | 0.645 |
| April | 0.648 |
| May | 0.652 |
| June | 0.655 |
| July | 0.658 |
| August | 0.661 |
| September | 0.664 |
| October | 0.668 |
| November | 0.671 |
| December | 0.674 |
TRX Gold Corporation (TRX) Stock Price Prediction 2027
The average price of the stock of TRX Gold Corporation for 2027 will be CAD 0.696, with a high forecast of CAD 0.715, and a lower forecast of CAD 0.677.
| Month | Share price in CAD |
| January | 0.677 |
| February | 0.681 |
| March | 0.684 |
| April | 0.687 |
| May | 0.691 |
| June | 0.694 |
| July | 0.697 |
| August | 0.701 |
| September | 0.704 |
| October | 0.708 |
| November | 0.711 |
| December | 0.715 |
TRX Gold Corporation (TRX) Stock Price Prediction 2028
The average price of the stock of TRX Gold Corporation for 2028 will be CAD 0.738, with a high forecast of CAD 0.757, and a lower forecast of CAD 0.718.
| Month | Share price in CAD |
| January | 0.718 |
| February | 0.722 |
| March | 0.725 |
| April | 0.729 |
| May | 0.732 |
| June | 0.736 |
| July | 0.739 |
| August | 0.743 |
| September | 0.747 |
| October | 0.750 |
| November | 0.754 |
| December | 0.757 |
TRX Gold Corporation (TRX) Stock Price Prediction 2029
The average price of the stock of TRX Gold Corporation for 2029 will be CAD 0.782, with a high forecast of CAD 0.803, and a lower forecast of CAD 0.761.
| Month | Share price in CAD |
| January | 0.761 |
| February | 0.765 |
| March | 0.769 |
| April | 0.772 |
| May | 0.776 |
| June | 0.780 |
| July | 0.784 |
| August | 0.787 |
| September | 0.791 |
| October | 0.795 |
| November | 0.799 |
| December | 0.803 |
TRX Gold Corporation (TRX) Stock Price Prediction 2030
The average price of the stock of TRX Gold Corporation for 2030 will be CAD 0.829, with a high forecast of CAD 0.851, and a lower forecast of CAD 0.807.
| Month | Share price in CAD |
| January | 0.807 |
| February | 0.811 |
| March | 0.815 |
| April | 0.819 |
| May | 0.823 |
| June | 0.827 |
| July | 0.831 |
| August | 0.835 |
| September | 0.839 |
| October | 0.843 |
| November | 0.847 |
| December | 0.851 |
TRX Gold Corporation (TRX) Stock Price Prediction 2035
The average price of the stock of TRX Gold Corporation for 2035 will be CAD 1.109, with a high forecast of CAD 1.139, and a lower forecast of CAD 1.080.
| Month | Share price in CAD |
| January | 1.080 |
| February | 1.085 |
| March | 1.090 |
| April | 1.096 |
| May | 1.101 |
| June | 1.106 |
| July | 1.112 |
| August | 1.117 |
| September | 1.123 |
| October | 1.128 |
| November | 1.133 |
| December | 1.139 |
TRX Gold Corporation (TRX) Stock Price Prediction 2040
The average price of the stock of TRX Gold Corporation for 2040 will be CAD 1.484, with a high forecast of CAD 1.524, and a lower forecast of CAD 1.445.
| Month | Share price in CAD |
| January | 1.445 |
| February | 1.452 |
| March | 1.459 |
| April | 1.466 |
| May | 1.473 |
| June | 1.480 |
| July | 1.488 |
| August | 1.495 |
| September | 1.502 |
| October | 1.509 |
| November | 1.517 |
| December | 1.524 |
TRX Gold Corporation (TRX) Stock Price Prediction 2045
The average price of the stock of TRX Gold Corporation for 2045 will be CAD 1.986, with a high forecast of CAD 2.040, and a lower forecast of CAD 1.934.
| Month | Share price in CAD |
| January | 1.934 |
| February | 1.943 |
| March | 1.953 |
| April | 1.962 |
| May | 1.972 |
| June | 1.981 |
| July | 1.991 |
| August | 2.001 |
| September | 2.010 |
| October | 2.020 |
| November | 2.030 |
| December | 2.040 |
TRX Gold Corporation (TRX) Stock Price – Technical Analysis:
Chart and trend analysis:
TRX Gold Corporation has mainly traded under two trends this year; under an uptrend from March to May 2024 and under a sideways trend from June and afterward.
Support and resistance analysis:
The stock is continuously taking support at 0.53 CAD, the same will act as the immediate support level for this stock. The next support level of TRX Gold Corporation is placed at 0.460 CAD. The stock will face a fairly strong resistance at CAD 0.64 – 0.65.
TRX Gold Corporation (TRX) Stock Price – Fundamental Analysis:
Company financial overview:
With a market cap of 151M CAD, TRX Gold Corporation stands in the metal-mining sector as a small-cap company. After starting its production work in 2021, the company generated its first revenu in 2022.
Company performance:
In 2022, the company accounted for its first revenue, which was 19.20M CAD. The total loss for that period was 7.81M CAD. In the year 2023, the company generated a revenue of 51.61M CAD, and a profit of 3.03M CAD with the net margin at 5.87%.
TRX Gold Corporation (TRX) Stock Price Prediction: FAQs
What should be the target price for TRX Gold Corporation for 2024?
The target price for TRX Gold Corporation for 2024 will be 0.60 CAD.
Welcome to PredictTorontoStocks! I’m Hilda J. Condit, a seasoned finance professional with a passion for the stock market and a deep-rooted connection to the Toronto Stock Exchange (TSX). With a Bachelor’s degree in Finance and specialized training from CSI Global Education’s Canadian Securities Course (CSC), I bring years of experience and expertise to the world of investment.
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