TRX Stock Forecast & Price Target

TRX Gold Corp has experienced a notable increase in revenues, reporting a 23% year-over-year growth primarily driven by higher average realized gold prices, which reached $3,122 per ounce, a 39% increase from the previous year. The company has also demonstrated improved working capital due to strong cash flow post-quarter, which positions TRX favorably for enhanced production capabilities moving forward. Additionally, the mining operations have successfully accessed higher-grade ore blocks, indicating potential for significantly improved forecasts and a more stable, profitable outlook for 2026 as exploration and expansion efforts continue despite the inherent risks in the mineral exploration sector.

TRX Gold Corp reported revenue of $12.5 million for the quarter, marking an increase from $10.1 million in the previous fiscal quarter, yet it still incurred a net loss of $0.2 million. Despite improving revenue metrics, the company’s continued net losses indicate ongoing financial instability, raising concerns about its long-term profitability. Furthermore, while TRX Gold has successfully funded its $20 million expansion and exploration program through internal cash flow, reliance on self-funding and the need to address short-term debt may highlight broader challenges in securing external financing for future developments.