(TRX) Tanzanian Royalty - Overview
Sector: Basic Materials | Industry: Gold | Exchange: NYSE MKT (USA) | Market Cap: 355m USD | Total Return: 223.5% in 12m
Avg Turnover: 3.06M
Qual. Beats: 1
Rev. Trend: 77.1%
Qual. Beats: -1
Warnings
Below Avwap Earnings
Tailwinds
Rs Leader
TRX Gold Corporation is a Canadian-based mining firm focused on the exploration and production of precious metals in Tanzania. The company’s primary asset is the Buckreef Gold Project, which it operates in conjunction with the Tanzanian government’s State Mining Corporation. Formerly known as Tanzanian Gold Corporation, the firm rebranded in 2022 to reflect its evolving operational focus at its flagship site.
The company operates within the gold mining sector, a capital-intensive industry where value is driven by mineral resource estimates and the successful transition from exploration to active production. Many junior miners in this space utilize a joint-venture business model with local governments to mitigate geopolitical risk and ensure regulatory alignment. For a deeper look at the fundamental metrics driving this company, consider reviewing the latest data on ValueRay.
- Gold production volume increases at Buckreef project drive quarterly revenue growth
- Tanzanian mining regulatory stability impacts long-term investment and operational licensing
- Fluctuations in global spot gold prices dictate profit margin sensitivity
- Capital expenditure requirements for processing plant expansion affect near-term cash flow
- Exploration drilling results at Buckreef influence total estimated mineral resource valuation
| Net Income: -24.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 1.40 > 1.0 |
| NWC/Revenue: 30.56% < 20% (prev -15.55%; Δ 46.11% < -1%) |
| CFO/TA 0.21 > 3% & CFO 32.7m > Net Income -24.0m |
| Net Debt (-18.5m) to EBITDA (52.7m): -0.35 < 3 |
| Current Ratio: 2.37 > 1.5 & < 3 |
| Outstanding Shares: last quarter (309.3m) vs 12m ago 5.39% < -2% |
| Gross Margin: 54.98% > 18% (prev 0.40%; Δ 5.46k% > 0.5%) |
| Asset Turnover: 67.38% > 50% (prev 35.25%; Δ 32.13% > 0%) |
| Interest Coverage Ratio: 20.90 > 6 (EBITDA TTM 52.7m / Interest Expense TTM 2.26m) |
| A: 0.20 (Total Current Assets 55.5m - Total Current Liabilities 23.4m) / Total Assets 158.4m |
| B: -0.92 (Retained Earnings -145.8m / Total Assets 158.4m) |
| C: 0.30 (EBIT TTM 47.2m / Avg Total Assets 155.9m) |
| D: 1.68 (Book Value of Equity 77.2m / Total Liabilities 45.9m) |
| Altman-Z'' = 2.13 = BBB |
| DSRI: 1.24 (Receivables 8.59m/3.57m, Revenue 105.0m/54.1m) |
| GMI: 0.73 (GM 54.98% / 40.30%) |
| AQI: 0.97 (AQ_t 0.03 / AQ_t-1 0.03) |
| SGI: 1.94 (Revenue 105.0m / 54.1m) |
| TATA: -0.36 (NI -24.0m - CFO 32.7m) / TA 158.4m) |
| Beneish M = -2.78 (Cap -4..+1) = A |
As of May 29, 2026, the stock is trading at USD 1.10 with a total of 3,016,998 shares traded.
Over the past week, the price has changed by +0.92%,
over one month by -2.65%,
over three months by -39.23% and
over the past year by +223.53%.
Tanzanian Royalty has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy TRX.
- StrongBuy: 1
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 2.4 | 114.5% |
P/E Forward = 5.6721
P/S = 3.7302
P/B = 4.2078
P/EG = 1.0039
Revenue TTM = 105.0m USD
EBIT TTM = 47.2m USD
EBITDA TTM = 52.7m USD
Long Term Debt = 1.72m USD (from longTermDebt, last quarter)
Short Term Debt = 1.46m USD (from shortTermDebt, last quarter)
Debt = 7.52m USD (from shortLongTermDebtTotal, last quarter) + Leases 2.90m
Net Debt = -18.5m USD (calculated: Debt 7.52m - CCE 26.0m)
Enterprise Value = 336.5m USD (355.0m + Debt 7.52m - CCE 26.0m)
Interest Coverage Ratio = 20.90 (Ebit TTM 47.2m / Interest Expense TTM 2.26m)
EV/FCF = 205.1x (Enterprise Value 336.5m / FCF TTM 1.64m)
FCF Yield = 0.49% (FCF TTM 1.64m / Enterprise Value 336.5m)
FCF Margin = 1.56% (FCF TTM 1.64m / Revenue TTM 105.0m)
Net Margin = -22.81% (Net Income TTM -24.0m / Revenue TTM 105.0m)
Gross Margin = 54.98% ((Revenue TTM 105.0m - Cost of Revenue TTM 47.3m) / Revenue TTM)
Gross Margin QoQ = 61.79% (prev 56.40%)
Tobins Q-Ratio = 2.12 (Enterprise Value 336.5m / Total Assets 158.4m)
Interest Expense / Debt = 30.05% (Interest Expense 2.26m / Debt 7.52m)
Taxrate = 39.74% (7.89m / 19.9m)
NOPAT = 28.5m (EBIT 47.2m * (1 - 39.74%))
Current Ratio = 2.37 (Total Current Assets 55.5m / Total Current Liabilities 23.4m)
Debt / Equity = 0.09 (Debt 7.52m / totalStockholderEquity, last quarter 85.1m)
Debt / EBITDA = -0.35 (Net Debt -18.5m / EBITDA 52.7m)
Debt / FCF = -11.28 (Net Debt -18.5m / FCF TTM 1.64m)
Total Stockholder Equity = 67.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -15.37% (Net Income -24.0m / Total Assets 158.4m)
RoE = -11.22% (Net Income TTM -24.0m / Total Stockholder Equity 213.6m)
RoCE = 21.94% (EBIT 47.2m / Capital Employed (Equity 213.6m + L.T.Debt 1.72m))
RoIC = 20.87% (NOPAT 28.5m / Invested Capital 136.4m)
WACC = 9.93% (E(355.0m)/V(362.5m) * Re(9.76%) + D(7.52m)/V(362.5m) * Rd(30.05%) * (1-Tc(0.40)))
Discount Rate = 9.76% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 58.43 | Cagr: 3.66%
[DCF] Terminal Value 70.09% ; FCFF base≈1.64m ; Y1≈1.65m ; Y5≈1.75m
[DCF] Fair Price = 0.12 (EV 21.4m - Net Debt -18.5m = Equity 39.9m / Shares 325.7m; r=9.93% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.56 | # QB: 1
Revenue Correlation: 77.06 | Revenue CAGR: 22.16% | SUE: -1.41 | # QB: -1
EPS current Quarter (2026-05-31): EPS=0.04 | Chg30d=N/A | Revisions=+20% | Analysts=3
EPS current Year (2026-08-31): EPS=0.02 | Chg30d=-71.43% | Revisions=-20% | GrowthEPS=-12.7% | GrowthRev=+123.5%
EPS next Year (2027-08-31): EPS=0.20 | Chg30d=+2.63% | Revisions=+20% | GrowthEPS=+875.0% | GrowthRev=+48.9%
[Analyst] Revisions Ratio: +20%