TRX Gold (AMEX:TRX) Stock, Quote.Headers.trade-ideas

TRX Gold

TRX Gold Corp, formerly Tanzanian Gold Corp is a mineral resource company. It is engaged in the acquisition of interests and the exploration of natural resource properties. Its mineral properties are located in the United Republic of Tanzania. The company's main area of interest has been in the exploration and development of gold properties. Its projects include the Buckreef project, Kigosi project, and Itetemia Gold project whereas, its exploration stage project consists of the Lunguya project and the Luhala project.

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SUNDOG, a dog-themed coin on the Tron (CRYPTO: TRX) blockchain, overcame the broader memecoin slump to post healthy gains on Sunday.

Justin Sun-Backed Memecoin Rallies Among Dogecoin, Shiba Inu Slump — What You Need To Know

Vitalik Buterin Pavel Durov

Tech

Prominent voices from the cryptocurrency space reacted to the arrest of the popular messaging app Telegram‘s CEO and founder Pavel Durov in France.

Telegram Founder Pavel Durov&#39;s Arrest In France Sparks Reactions From Ethereum Creator Vitalik Buterin And Tron Founder Justin Sun

2. Ethereum

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Undeterred by the market downtrend, Justin Sun, the founder of the Tron (CRYPTO: TRX) blockchain, accumulated Ethereum (CRYPTO: ETH) worth millions on Monday.

Crypto Entrepreneur Justin Sun Accumulates $36M In Ethereum: A Bullish Signal Amid Market Downturn?

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Prominent voices from the cryptocurrency space reacted to the <a href="https://www.benzinga.com/news/24/08/40542542/elon-musk-reacts-as-telegram-founder-gets-arrested-in-france-reportedly-faces-20-years-in-prison-on">arrest of the popular messaging app</a> Telegram&#8216;s CEO and founder Pavel Durov in France.
Ethereum co-founder Vitalik Buterin has expressed concern over the future of software and communication freedom in Europe, following recent developments involving Telegram.
What Happened: Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) co-founder Vitalik Buterin expressed concern over the future of software and communication freedom in Europe via an X post on Sunday. 
Buterin said that he had been critical of Telegram&#8217;s encryption previously. Still, the charges brought by the authorities for being &#8220;unmoderated&#8221; and refusing to hand over user data made the issue appear &#8220;very bad.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I&#39;ve criticized Telegram before for not being serious with encryption. But (given the info available so far: the charge seems to be just being &quot;unmoderated&quot; and not giving up people&#39;s data), this looks very bad and worrying for the future of software and comms freedom in Europe.
&mdash; vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1827602680388239582?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
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Another well-known blockchain entrepreneur, Justin Sun, also weighed in. The Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) founder proposed a decentralized funding initiative to help Durov in his legal struggles. Sun pledged to donate $1 million to the cause if it garnered sufficient community support.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We should show the cryptocurrency industry&#39;s unity by organizing a <a href="https://twitter.com/hashtag/FreePavel?src=hash&amp;ref_src=twsrc%5Etfw">#FreePavel</a> DAO to help Telegram founder Pavel Durov legally gain freedom. I&#39;ll donate $1 million if it&#39;s created in a decentralized way with enough community support. <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> <a href="https://twitter.com/MarioNawfal?ref_src=twsrc%5Etfw">@MarioNawfal</a>
&mdash; H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1827770155834982594?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
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Some users called out Sun&#8217;s proposal as a gimmick, saying that <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38294581/telegram-co-founder-pavel-durov-has-had-a-few-hundred-million-dollars-in-bitcoin-for-years">money was not the problem for Durov</a>, whose net worth is estimated to be more <a href="https://www.forbes.com/profile/pavel-durov/">than</a> $15 billion.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40533508/powells-rate-cut-signal-sparks-crypto-optimism-experts-eye-potential-bitcoin-rally?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Powell&#8217;s Rate Cut Signal Sparks Crypto Optimism: Experts Eye Potential Bitcoin Rally</a>
Why It Matters: These responses came after Durov&#8217;s arrest shocked many in the corporate world and those advocating for free speech.
Durov, a Russian-French billionaire, was apprehended on Saturday evening while traveling on his private jet. The arrest is linked to an ongoing police investigation in France, which is reportedly focused on the lack of moderators on Telegram, allowing criminal activity to persist on the platform
Tesla CEO Elon Musk, who also runs social platform X, <a href="https://www.benzinga.com/news/24/08/40542542/elon-musk-reacts-as-telegram-founder-gets-arrested-in-france-reportedly-faces-20-years-in-prison-on">described the developments</a> as &#8220;super messed up.&#8221;
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40542711/telegram-ceo-arrest-in-france-sends-toncoin-ton-plummeting-by-over-20-elon-musk-calls-for-">Telegram CEO Arrest In France Sends Toncoin (TON) Plummeting By Over 20%: Elon Musk Calls For Freeing Pavel Durov</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://benzinga.com/apis" rel="noreferrer noopener" target="_blank"></a>
Photos courtesy: Shutterstock and Flickr

Telegram Founder Pavel Durov's Arrest In France Sparks Reactions From Ethereum Creator Vitalik Buterin And Tron Founder Justin Sun

HC Wainwright &amp; Co. analyst Heiko Ihle reiterates TRX Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TRX#AMEX">TRX</a>) with a Buy and maintains $1.4 price target.

Price Target

Reiteration

Analyst Ratings

HC Wainwright & Co. Reiterates Buy on TRX Gold, Maintains $1.4 Price Target

HC Wainwright &amp; Co. analyst Heiko Ihle maintains TRX Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TRX#AMEX">TRX</a>) with a Buy and raises the price target from $1.3 to $1.4.

HC Wainwright & Co. Maintains Buy on TRX Gold, Raises Price Target to $1.4

Alliance Global Partners analyst Jake Sekelsky maintains TRX Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TRX#AMEX">TRX</a>) with a Buy and raises the price target from $1.5 to $1.75.

Alliance Global Partners Maintains Buy on TRX Gold, Raises Price Target to $1.75

Justin Sun, the entrepreneur behind TRON (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>), has publicly shared the scale of his Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investments, holding 28,613 BTC valued at approximately $1.638 billion at current market prices.
What Happened: Sun detailed his holdings in a post on X, &#8220;My personal HTX account balance (just for those who are saying I&#8217;m not using HTX much) @HTX_Global.&#8221; His remarks were in response to comments suggesting that he isn&#8217;t an active user of the HTX exchange.
He further clarified his position on the use of the HTX exchange, saying, &#8220;Personally, I use almost all main exchanges and am a supporter of those exchanges. However, if someone says I seldom use HTX.com, that would be inaccurate. I am a heavy user of HTX. My personal use of HTX is the same as all HTX users, believing and trading."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">My personal HTX account balance (just for those who are saying I&#39;m not using HTX much) <a href="https://twitter.com/HTX_Global?ref_src=twsrc%5Etfw">@HTX_Global</a> <a href="https://t.co/TtbiDWHLRZ">pic.twitter.com/TtbiDWHLRZ</a>
&mdash; H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1762491124692795709?ref_src=twsrc%5Etfw">February 27, 2024</a></blockquote>
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The timing of Sun&#8217;s disclosure comes as <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37354914/bitcoin-ethereum-dogecoin-continue-bull-run-as-extreme-greed-takes-over-analyst-predicts-k">Bitcoin&#8217;s value soared to $57,000.</a> This surge marks a long-anticipated return to a price point last seen over two years ago on Dec. 2, 2021. 
Data from <a href="https://www.arkhamintelligence.com/research/who-owns-the-most-bitcoin-2023-edition">Arkham Intelligence research </a>reveals that the pseudonymous creator of Bitcoin, Satoshi Nakamoto, very likely remains the currency&#8217;s largest holder, with suspicions of him owning 1.1 million BTC, translating to over $50 billion. The largest known custody of BTC belongs to Coinbase, with approximately 1 million bitcoins. A Binance exchange wallet also holds a staggering 250,000 BTC, ranking it amongst the largest individual wallets.&nbsp;
See More: <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35771375/dogecoin-hodlers-are-beating-shiba-inu-with-57-landing-in-profits-intotheblock-data-reveal?utm_campaign=partner_feed&amp;utm_source=InvestingUK&amp;utm_medium=partner_feed&amp;utm_content=cryptocurrency">Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals</a>
Why It Matters: The BTC rally had a ripple effect across the entire crypto market, as evidenced by a surge in investments into spot Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37329888/bitcoin-tops-57-000-fueled-by-btc-etfs-520m-single-day-inflow">exchange-traded funds (ETFs).</a>
The Fear &amp; Greed Index reached a level of 79 out of 100 on February 27, signaling &#8220;extreme greed&#8221; among investors.&nbsp;
The global cryptocurrency market cap now hovers at $2.16 trillion, an 8.92% increase over the last day.
Meanwhile, Sun has been vocal about his support for the integration of Bitcoin scalability solutions into the TRON network. He announced TRON&#8217;s plans to implement support for the Merlin Chain, a project designed to enhance Bitcoin&#8217;s interoperability and financial accessibility.
Earlier this month, Sun spoke about TRON&#8217;s future strategy, saying, &#8220;Tron will collaborate with multiple Bitcoin layer-2 protocols, gradually announcing significant partnerships. These collaborations will allow Tron users to participate in re-staking initiatives across major Bitcoin layer-2 networks, supporting the growth of the Bitcoin layer-2 ecosystem with Tron's diverse asset portfolio.&#8221;
Price Action: At the time of writing, BTC was trading at $56,901, up 0.93% in the last 24 hours,<a href="http://pro.benzinga.com"> according to Benzinga Pro.</a>
Read Next:<a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34195479/bitcoin-ethereum-dogecoin-trade-mixed-as-investors-weigh-august-job-report-analyst-predict"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34615277/heres-how-much-you-should-invest-in-shiba-inu-today-for-a-1m-payday-if-shib-hits-1-cent">Here&#8217;s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?</a>
Photo via Wikimedia Commons

Tron Founder Justin Sun Casually Flexes Bitcoin Holdings Worth Over $1.6B

Key highlights for Q1 2024 include:
<ul>
<li>Positive operating cash flow: The Company poured 4,927 ounces of gold and sold 4,895 ounces of gold, resulting in positive operating cash flow of $5.1 million.</li>
<li>Strong gross profit margins: The Company recognized revenue of $9.4 million and cost of sales of $5.7 million, generating gross profit of $3.7 million, gross profit margin of 40%, and Adjusted EBITDA1 of $2.6 million.</li>
<li>Growth through prudent capital management: The Company continues to demonstrate its ability to manage capital and use cash flow from mining operations to fund additional growth at Buckreef Gold, as it reinvested $3.8 million during the quarter to advance its 3rd consecutive mill expansion to 2,000+ tonnes per day ("tpd") and to advance construction on a significantly expanded tailings storage facility ("TSF") to accommodate higher production volumes and support the long-term growth of Buckreef Gold.</li>
<li>Fiscal 2024 production guidance unchanged: The Company continues to expect gold production for 2024 to be between 25,000 – 30,000 ounces at total average cash cost1 of $800 – 900 per ounce.</li>
<li>Expansion to 2,000+ tpd continues to progress on schedule: The new 1,000 tpd ball mill arrived on site in early October 2023 and earthworks have commenced for the ball mill plinth, tank line foundation and bund wall, which will support the additional leach tanks. In-depth engineering reviews and construction work have begun, including concrete construction and steel fabrication on the new crushing circuit which commenced in November 2023. The process plant expansion aimed at expanding throughput by 75-100% has a targeted completion date in the second half of fiscal 2024 and is expected to benefit production in Q4 2024.</li>
<li>Expanded crushing circuit construction underway: The initial phase of the new crushing circuit arrived on site in January 2024 and is configured to produce a finely crushed ore ‘product' suitable for the existing and future ball mills. It is expected that the new crushing circuit will help drive increased throughput and recovery percentages and will provide capacity for increased production. It is also expected to improve options for material handling, provide equipment redundancy to eliminate or reduce plant downtime, and improve grind size allowing for more efficient, cost-effective processing of sulphide ore. Concrete construction has been completed and is curing. Steel design, fabrication and construction of the new crushing circuit continues at a rapid pace, and completion is expected in Q2 2024.</li>
<li>Exploration, a key area of focus: The Company expects to continue to build on past exploration successes through a drill program that is expected to begin in the second half of fiscal 2024. While the Company primarily focused on grade control drilling to support mining activity during Q1 2024, exploration drilling for 2024 will focus on infill and expansion drilling at Eastern Porphyry, Buckreef West, Inferred Mineral Resources and strike extensions, both to the NE and SW of the Main Zone – which, if successful, has the potential to increase tonnes to higher Mineral Resource categories.</li>
<li>Health &amp; Safety remains top of mind: The Company achieved zero lost time injuries ("LTI") and there were no reportable environmental or community related incidents during Q1 2024. Subsequent to Q1 2024, Buckreef Gold achieved, for a second time, 1 million hours LTI free work.</li>
</ul>
TRX Gold's CEO, Stephen Mullowney comments: "Q1 2024 has been an exceptionally busy quarter at Buckreef Gold as our team continues to work hard on our next growth phase, including another expansion in processing capacity at the mill. We are very pleased with the exceptional progress that has been made over the last few months in advancing construction for the plant expansion, including commencement of concrete and steel works related to the new crushing circuit. We continue to be impressed with the excellent and efficient work being done by our 100% Tanzanian staff, consultants and by the quality of locally sourced materials and equipment. We look forward to completing the plant expansion later this year and utilizing the expected increase in cashflow to unlock value through a larger exploration program in the future."

Guidance

TRX Gold Says Fiscal 2024 Production Guidance Unchanged, The Company Continues To Expect Gold Production For 2024 To Be Between 25,000 – 30,000 Ounces At Total Average Cash Cost1 Of $800 – 900 Per Ounce

TRX Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TRX#AMEX">TRX</a>) reported quarterly sales of $9.40 million which missed the analyst consensus estimate of $10.48 million by 10.31 percent. This is a 3.27 percent decrease over sales of $9.72 million the same period last year.

Earnings

Earnings Misses

TRX Gold Q1 Sales $9.40M Miss $10.48M Estimate

Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) Saga phones, which previously had trouble finding buyers, have sold out, fetching prices as high as $5,000 on eBay. 
What Happened: This sudden sales boost can be attributed to a frenzy surrounding the free Bonk memecoin airdrop included with each phone.
<a href="https://cointelegraph.com/news/solana-saga-phone-bonk-memecoin-5000-dollars-sold-ebay">Cointelegraph </a>reports that Solana Saga phones sold out both on their official website and on eBay for the first time, due to a surge in demand for the complimentary Bonk memecoin airdrop. The phones were sold for up to $5,000, over eight times their retail price.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">lol.. What? Solana Saga is selling for 5x the original price on eBay! <a href="https://t.co/pElRSlSCx7">https://t.co/pElRSlSCx7</a> <a href="https://t.co/nQJx6mFL6a">pic.twitter.com/nQJx6mFL6a</a>
&mdash; Gary (@gameofbitcoin) <a href="https://twitter.com/gameofbitcoin/status/1736342066400006253?ref_src=twsrc%5Etfw">December 17, 2023</a></blockquote>
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An eBay listing from Dec. 16 shows two boxed phones sold for a &#8220;best offer&#8221; price of $5,000, and another device sold for $3,316. Over the subsequent weekend, an additional 20 phones were sold for more than $2,000, a significant increase from their original $599 price.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36270851/dogecoin-killer-shiba-inu-positioned-for-major-bullish-breakout-says-prominent-crypto-anal?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Positioned For Major Bullish Breakout, Says Prominent Crypto Analyst — But It</a>
Since the Saga phone&#8217;s launch on May 8, each new phone has been<a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36251455/solanas-saga-smartphone-sales-soar-tenfold-nearing-sell-out-amid-ongoing-bonk-mania"> accompanied by a free airdrop </a>of 30 million Bonk tokens. A recent price surge in Bonk, which traders noticed last week, made the free airdrop more valuable than the phone itself, leading to the phones selling out on Dec. 16.
These phone purchasers may be speculating on the continued rise of the memecoin. Bonk has surged nearly 800% in the last 30 days, gaining widespread popularity among memecoin enthusiasts and traders.
However, to turn a profit from the $5,000 price tag, Bonk would need to grow a further 620% from its current value, commanding a total market cap of $8.68 billion, similar to Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) or Polkadot (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/dot/usd">DOT</a>).
Why It Matters: Several Solana-based projects recently announced airdrops and financial incentives for device users, suggesting that phone buyers may not be solely betting on the price of Bonk. The DeFi protocol, Solend, confirmed in a Dec. 17 post that it would be working on an airdrop for Saga phone holders. 
Disclaimer: This content was partially produced with the help of&nbsp;<a target="_blank" href="https://www.benzinga.com/author/benzinga-neuro" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36250851/coinbase-effect-dogecoin-rival-bonk-soars-75-analyst-projects-20x-surge-for-the-meme-coin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Coinbase Effect? Dogecoin Rival BONK Soars 75% — Analyst Projects &#8217;20x&#8217; Surge For The Meme Coin</a>

$BONK

$DOT

Solana Saga Phones Sold Out Amidst BONK Memecoin Buying Spree

Management

TRX Gold Appoints Shubo Rakhit As Chairman Of Board

Commodities

General

TRX Gold Announced That The New 1,000-ton-per-day Capacity Ball Mill Has Arrived On-site At The Buckreef Gold Project, Expected Commercial Production Delivery Date In 2H Of FY24

It was quite a rollercoaster for the crypto world last week. From bold legal moves to debunking common misconceptions, the world of digital currencies continues to surprise us. Here&#8217;s a quick recap of the biggest stories that unfolded over the weekend.
Grayscale Files For Ether Futures ETF
Following their court victory against the SEC, Grayscale Investments are testing the waters with a new exchange-traded fund (ETF). This time, the fund will be centered on Ethereum futures (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). The application was filed under the Securities Act of 1933, the same regulation that governs commodities and spot Bitcoin ETFs. <a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34757225/grayscale-files-for-ether-futures-etf-following-court-victory-against-sec">Read the full article here.</a>
Cryptocurrency: A Real Technology, Not a Scam
Caitlin Long, founder and CEO of Custodia Bank, spoke to Benzinga to address concerns about the legitimacy of cryptocurrencies. She drew parallels to the tech bubble and emphasized that the crypto market is in a phase of refinement and maturation.&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34792276/exclusive-cryptocurrency-is-not-a-scam-theres-real-technology-behind-it-caitlin-long-debun">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/news/23/09/34784595/biden-tells-new-york-donors-trump-is-destined-to-be-the-nominee-again-in-2024-race?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Tells New York Donors: Trump Is &#8216;Destined To Be The Nominee Again&#8217; In 2024 Race</a>
Tron Hits $1B in USDT
The Tron Network celebrated a significant milestone last week as it hit 1 billion USDT. Founder Justin Sun made the announcement via Twitter, proclaiming Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) as the &#8220;king of USDT.&#8221; <a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34775809/tron-is-the-king-of-usdt-justin-sun-announces-1b-in-tether-on-his-blockchain-network">Read the full article here.</a>
Elon Musk&#8217;s Dog-Inspired Coin Tops Meme Coin Gains Chart
Floki, a coin named after Elon Musk&#8217;s dog, is outperforming other top meme coins like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: SHIBA). Since its integration into LaborX, one of the leading platforms for crypto and Web 3 jobs, Floki has seen an increase of 96% since the beginning of the year. <a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34792212/now-that-summer-is-almost-over-this-coin-named-after-elon-musks-dog-tops-meme-coin-gains-c">Read the full article here.</a>
Anthony Scaramucci Stays Bullish on Bitcoin
SkyBridge Capital founder, Anthony Scaramucci, expressed his optimism for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) at the Messari Mainnet conference. He encouraged Bitcoin holders not to sell, stating that the worst of the bear market is behind us. <a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34809743/anthony-scaramucci-says-worst-of-bear-market-is-behind-us-i-wouldnt-sell-your-bitcoin-you-">Read the full article here.</a>
Read Next: Operating a fully-booked hotel is beyond stressful, but it's about to become much more efficient thanks to one startup. It amassed $5.5 million in the seed round, 5x'ed its customer base in 9 months, <a href="https://www.benzinga.com/alternative-investments/listing/jurny">and is looking for investors.</a>
Cryptocurrency Photo by SvetlanaParnikova on Shutterstock
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Grayscale's Ethereum ETF, Elon Musk's Dog-Inspired Coin, Anthony Scaramucci On Bitcoin And More: Top News From Crypto This Week

HC Wainwright &amp; Co. analyst Heiko Ihle maintains TRX Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TRX#AMEX">TRX</a>) with a Buy and raises the price target from $1.1 to $1.3.

HC Wainwright & Co. Maintains Buy on TRX Gold, Raises Price Target to $1.3

TRX Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TRX#AMEX">TRX</a>) reported quarterly sales of $9.32 million which missed the analyst consensus estimate of $12.29 million by 24.19 percent. This is a 62.54 percent increase over sales of $5.73 million the same period last year.

TRX Gold Q3 Sales $9.32M Miss $12.29M Estimate

The Securities and Exchange Commission (SEC) filed a lawsuit against Binance Holdings Ltd. on Monday, citing 12 coins <a href="https://www.benzinga.com/markets/cryptocurrency/23/06/32718798/binance-and-changpeng-zhao-sued-by-the-sec-has-the-empire-just-started-crumbling">as unregistered securities.&nbsp;</a>
What Happened: The SEC lawsuit cites several altcoins, as securities under its purview.&nbsp;
When added to other tokens like XRP, separately targeted by the SEC, the agency has now categorized over $115 billion worth of coins specifically as unregistered securities.
SEC Chair Gary Gensler has long maintained that most tokens are subject to the agency's investor protection laws and advocated for trading platforms to register with the regulator. But, labeling specific tokens represents a tougher approach.&nbsp;
U.S. officials have intensified their crackdown on digital assets this year following a series of blowups, including the bankruptcy of the FTX exchange.
See More: <a href="https://in.benzinga.com/content/32526050/live-like-bond-a-stay-at-the-floating-palace-from-octopussy">A Stay At The Floating Palace From James Bond's &#8216;Octopussy&#8217;</a>
Why It Matters: Although Gensler has said that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the largest cryptocurrency, isn&#8217;t covered by SEC securities rules, he's been <a href="https://www.benzinga.com/markets/cryptocurrency/22/06/27866983/commodity-or-security-new-bitcoin-insights-from-sec-chairman-gary-gensler">less unequivocal </a>on Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), the second-largest cryptocurrency.
In light of the recent development, some of the biggest crypto coins viewed as securities by the SEC, as reported by Bloomberg are: 
Binance&#8217;s BNB (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) ($44 billion) 
<ul>
<li>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) ($27 billion)</li>
<li>Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) ($12 billion)</li>
<li>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) ($7.9 billion)</li>
<li>Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>) ($7.7 billion)</li>
<li>Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) ($7.1 billion)</li>
<li>Binance USD (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/busd/usd">BUSD</a>) ($5.1 billion)</li>
<li>Cosmos (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/atom/usd">ATOM</a>) ($2.9 billion)</li>
<li>Filecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/fil/usd">FIL</a>) ($1.8 billion)</li>
<li>Algorand (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/algo/usd">ALGO</a>) ($1 billion)</li>
</ul>
Price Action: At the time of writing, BTC was trading at $25,780.80, down 4.12%, in the last 24 hours, <a href="http://pro.benzinga.com">according to Benzinga Pro.</a>
Read Next:<a href="https://www.benzinga.com/markets/cryptocurrency/23/05/32588496/bitcoin-ethereum-dogecoin-rise-amid-positive-economic-data-analyst-predicts-record-high-fo"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/23/06/32729621/bitcoin-ethereum-dogecoin-tumble-after-sec-lawsuit-analyst-says-binances-success-is-key-to">Bitcoin, Ethereum, Dogecoin Tumble After SEC Lawsuit: Analyst Says Binance&#8217;s Success Is Key To Apex Crypto&#8217;s Survival</a>

Government

Regulations

$ADA

$ALGO

$ATOM

$BNB

$BUSD

$FIL

$MATIC

$XRP

ATOM

Cardano, Solana, Binance Token Among $115B Worth Crypto Now Labeled By SEC As Unregistered Securities

HC Wainwright &amp; Co. analyst Heiko Ihle reiterates TRX Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TRX#AMEX">TRX</a>) with a Buy and maintains $1.1 price target.

HC Wainwright & Co. Reiterates Buy on TRX Gold, Maintains $1.1 Price Target

Justin Sun, the founder of cryptocurrency firms Tron Foundation and BitTorrent Foundation, has reportedly received a summons from a U.S. court in the Southern District of New York on Thursday.
What Happened: The summons came after the Securities and Exchange Commission (SEC) brought enforcement action against Sun for allegedly trading Tronix (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) and BitTorrent (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btt/usd">BTT</a>) without registering them as securities, as well as failing to disclose payments made to celebrities including Lindsay Lohan and Austin Malone for their endorsements of crypto assets and products, <a href="https://www.straitstimes.com/singapore/us-district-court-issues-summons-to-crypto-mogul-justin-sun-in-singapore">according </a>to a report in The Straits Times.
The document seen by The Straits Times revealed that the summons went to two addresses in Singapore. It gave Sun 21 days to respond.
See More:<a href="https://in.benzinga.com/content/30481549/top-indian-apps-that-give-bitcoin-nft-rewards"> Top Indian Apps That Give Bitcoin, NFT Rewards</a>
It is also alleged that Sun had manipulated the market for TRX to "create the artificial appearance of legitimate investor interest and keep (its) price afloat," as quoted in the report.
In addition to these charges, Sun is also accused of participating in wash trading, similar to a pump-and-dump scheme, where securities are traded in transactions that foster the appearance of heavy trading activity while there is no change in beneficial ownership.&nbsp;
The SEC claims that Sun directed his employees to engage in more than 600,000 wash trades of TRX between two crypto asset trading accounts he controlled, with between 4.5 million and 7.4 million TRX wash traded daily for almost a year.
Read More:<a href="https://www.benzinga.com/markets/cryptocurrency/23/03/31522904/bitcoin-ethereum-dogecoin-slide-after-cftc-lawsuit-against-binance-analyst-expects-apex-cr"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/23/04/31781219/ethereums-shapella-upgrade-pushes-it-higher-bitcoin-dogecoin-decline-analyst-predicts-47-r">Ethereum&#8217;s Shapella Upgrade Pushes It Higher, Bitcoin, Dogecoin Decline: Analyst Predicts 47% Rally For This Altcoin</a>

$BTT

Justin Sun Summoned By US Court Over Alleged Securities Violations, Wash Trading Scheme

Binance US has officially declared that TRX (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>), affiliated with Justin Sun&#8216;s Tron crypto platform, will no longer be available for trading on the exchange from April 18. 
What Happened: Binance US tweeted on Wednesday that TRX and another coin, Spell, will be delisted following a review to ensure that available tokens "meet the standard of excellence we expect."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">At <a href="https://twitter.com/hashtag/BinanceUS?src=hash&amp;ref_src=twsrc%5Etfw">#BinanceUS</a>, we periodically review each digital asset listed to ensure that it continues to meet the standard of excellence we expect. Based on our recent review, Spell (SPELL) &amp; TRON (TRX) will be delisted from the platform on April 18, 2023. (
</blockquote></div></figure>

Binance US Delists Tron's Native Token As Justin Sun Battles Legal Issues

Binance, the world&#8217;s largest cryptocurrency exchange by volume, has reportedly declined an offer made by Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>)  blockchain founder Justin Sun to purchase his ownership stake in rival exchange, Huobi.
What Happened: According to an unnamed source cited by CoinDesk, Binance was not interested in the offer due to rumors surrounding Huobi&#8217;s alleged ties to mainland China, which Binance wants to avoid.
See More:<a href="https://in.benzinga.com/content/30481549/top-indian-apps-that-give-bitcoin-nft-rewards"> Top Indian Apps That Give Bitcoin, NFT Rewards</a>
The source claimed that Sun had reached out directly to Binance CEO Changpeng &#8220;CZ&#8221; Zhao with the offer. However, Binance believed that Sun held a majority stake in Huobi. 
Sun denied having made any recent offers regarding the purchase of Huobi or having discussed Huobi with CZ in the past week or so. "I must point out that in the past week or so, I have not proposed any offer to [CZ] regarding the purchase of [Huobi], nor have we even discussed Huobi in the past week or so," Sun tweeted.
Last month, the Securities and Exchange Commission charged Sun and three of his companies, including digital asset network company Tron Foundation Limited, with the unregistered offer and sale of two &#8220;crypto asset securities.&#8221; Following which,  the Grenadian government has announced the<a href="https://www.benzinga.com/markets/cryptocurrency/23/04/31614541/grenada-takes-a-stand-tron-blockchain-founder-justin-sun-loses-wto-rep-role-amid-sec-lawsu"> end of Sun's term as the Ambassador of Grenada</a> to the World Trade Organization, effective March 31.
Binance did not respond to <a href="https://pro.benzinga.com/dashboard">Benzinga</a>'s request to comment, at the time of publishing.
Price Action: At the time of writing, TRX was trading at $0.066 down 0.30% in the last 24 hours, <a href="http://pro.benzinga.com">according to Benzinga Pro.</a>
Read More:<a href="https://www.benzinga.com/markets/cryptocurrency/23/03/31522904/bitcoin-ethereum-dogecoin-slide-after-cftc-lawsuit-against-binance-analyst-expects-apex-cr"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/23/04/31691027/ethereum-hovers-around-1-9k-bitcoin-and-dogecoin-slide-analyst-sees-2nd-largest-cryptos-fi">Ethereum Hovers Around $1.9k, Bitcoin And Dogecoin Slide: Analyst Sees 2nd Largest Crypto&#8217;s First Major Breakout Since November 2021</a>

Binance Reportedly Turns Down Justin Sun's Offer To Buy His Stake In Huobi — Tron Founder Denies Making Offer

Roth MKM analyst Mike Niehuser maintained a Buy rating on Tanzanian Royalty Exploration (TRX – Research Report) today and set a price target of $1....

Roth MKM Keeps Their Buy Rating on Tanzanian Royalty Exploration (TRX)

Tron (TRX-USD), led by founder Justin Sun, is pioneering a new type of stablecoin that doesn't charge any fees. This breakthrough is set to transfo...

Tron's Vision for Gas-Free Stablecoins

Leerink Partners analyst Michael Cherny reiterated a Buy rating on Tanzanian Royalty Exploration (TRX – Research Report) on July 8. The company's s...

Leerink Partners Remains a Buy on Tanzanian Royalty Exploration (TRX)

Tanzanian Royalty Exploration (TSE:TRX) has released an update. TRX Gold Corporation has released its interim condensed consolidated financial stat...

TRX Gold Corporation Reports Increased Assets

TRX Gold production rises as Buckreef expansion project completed

Tanzanian Royalty Exploration (TSE:TRX) has released an update. TRX Gold Corporation has successfully completed and operationalized the expansion o...

TRX Gold Boosts Production with Expanded Plant

In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Tanzanian Royalty Exploration (TRX – Research Report), with ...

TRX Gold's Solid Performance and Expansion Underpin Buy Rating

TRX Gold Corporation (TRX) Q3 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
While the investment vehicle might seem anachronistic in the current paradigm of artificial intelligence and other advanced technologies, gold stocks also present a compelling and relevant solution. Because precious metals command intrinsic value, they represent an excellent inflation hedge. Sure, one could also pursue other investments such as real estate. However, gold enjoys the advantage of convenience and fungibility.



Now, the issue with physical gold bullion is that while they&rsquo;re certainly more convenient than many other asset classes, they can present significant challenges. Storage is one. Gold is a dense material. Also, protecting one&rsquo;s holdings can be problematic, especially in the current environment. Instead, investors may choose the ultimate convenience of equity ownership, which is where gold stocks come into play.



Finally, precious metals offer some shelter from the current market malaise. With the Federal Reserve likely extra incentivized to lower the benchmark interest rate amid the recent selloff, it&rsquo;s time to turn to traditional inflation hedges. With that, below are gold stocks to add to your portfolio.



<h2>Newmont (NEM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/nem1600-300x169.jpg" alt="Newmont logo on a mobile phone screen"><div>Source: Piotr Swat/Shutterstock</div></div>Billed as the world&rsquo;s largest gold mining corporation, Newmont (NYSE:<a href="https://investorplace.com/stock-quotes/nem-stock-quote/">NEM</a>) is generally a solid idea for gold stocks. This is reflected in part in the company&rsquo;s valuation. Right now, NEM stock trades hands at <a href="https://finance.yahoo.com/quote/nem/key-statistics">3.32X trailing-year sales</a>. In contrast, the gold mining sector&rsquo;s <a href="https://fullratio.com/ps-ratio-by-industry">average multiple sits at 2.71X</a>.



Despite the higher premium, investors will want to keep close tabs on Newmont. Primarily, this has to do with analysts&rsquo; forward projection. In fiscal 2024, covering experts believe that earnings per share may rise to $2.98, an increase of 85.09% from last year. On the top line, sales may hit $18.03 billion, up 52.6% from 2023&rsquo;s haul of $11.81 billion.



Assuming these figures, NEM stock currently trades at nearly 16X forward earnings. That&rsquo;s much lower than its trailing-year multiple of 44.33X. As for the top line, Newmont is priced at 3.03X projected revenue.



In fiscal 2025, analysts are looking at sales of $20.18 billion, with a high-side estimate of $23.24 billion. Therefore, the projected valuation could come down from here, making NEM an intriguing idea for gold stocks.



<h2>Agnico Eagle Mines (AEM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/gold1600-300x169.jpg" alt="An image of multiple gold bars. Gold prices"><div>Source: Shutterstock</div></div>Another top-tier producer, Agnico Eagle Mines (NYSE:<a href="https://investorplace.com/stock-quotes/aem-stock-quote/">AEM</a>) is a Canadian-based gold producer with operations in Finland, Australia, Mexico and its home market. Right now, shares trade hands at 4.99X trailing-year revenue. That&rsquo;s a pricey multiple, even compared to other &ldquo;hot&rdquo; gold stocks. However, it must be said that AEM itself has been on a strong run, gaining 39% year-to-date.



Still, forward-looking investors may want to exercise patience with Agnico. Analysts believe that by year&rsquo;s end, EPS could hit $3.49. If so, that would imply a growth rate of 56.5% from last year&rsquo;s print of $2.23. Also, in the following year, earnings could hit $3.65 per share, with a high-side view of $5.28. Data from Yahoo Finance reveals that AEM trades for 19.8X forward earnings.



On the top line, analysts are <a href="https://finance.yahoo.com/quote/aem/analysis">looking at $7.9 billion</a>, up 19.2% from last year&rsquo;s haul of $6.63 billion. That would bring the projected multiple down to 4.75X. In fiscal 2025, the top line could expand again to $8.34 billion, with a high-side estimate of $10.2 billion. Therefore, AEM could look more attractive as one of the viable gold stocks.



<h2>Kinross Gold (KGC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/kinross-kgc-1600-300x169.jpg" alt="Cellphone with business logo of Canadian mining company Kinross Gold Corp. on screen in front of webpage."><div>Source: T. Schneider / Shutterstock.com</div></div>Another gold production firm, Kinross Gold (NYSE:<a href="https://investorplace.com/stock-quotes/kgc-stock-quote/">KGC</a>) is a Canada-based enterprise with six active gold mines. It&rsquo;s one of the top gold stocks in the world. However, it also features a single-digit price tag (for now), making it attractive for speculators. At the moment, KGC stock trades at a trailing-year earnings multiple of 21X and a sales multiple of 2.3X.



That already makes Kinross an attractive idea for gold stocks thanks to its modest valuation. However, circumstances could become even more favorable for prospective buyers. By the end of the current fiscal year, EPS could hit 58 cents. If so, that would be a 31.82% lift from last year&rsquo;s print of 44 cents. Fiscal 2025 could see EPS soar to 69 cents, with a high-side view of $1.20.



On the top line, sales may rise to $4.76 billion, up 12.3% from last year&rsquo;s tally of $4.24 billion. Assuming a shares outstanding count of 1.23 billion, the projected sales multiple could dip to 2.22X. The top estimate for next year stands at $5.63 billion, making Kinross even more attractive.



<h2>Franco-Nevada (FNV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/12/gold-300x169.jpg" alt="A pile of shining gold bars. Gold stocks"><div>Source: Shutterstock</div></div>A gold-focused royalty and streaming company, Franco-Nevada (NYSE:<a href="https://investorplace.com/stock-quotes/fnv-stock-quote/">FNV</a>) doesn&rsquo;t directly engage in mining operations. Instead, it provides upfront capital in exchange for the revenue (royalty) or production (streaming) of the counterparty miner. In this way, Franco-Nevada offers a more predictable business. Right now, shares trade at 32.88X earnings and 19.39X sales.



To be fair, FNV stock may be a challenging idea at the moment. Since the start of the year, FNV stock gained only 8% of equity value. Analysts believe that by year&rsquo;s end, EPS could slip to $3.37. That would be down 7.42% from last year&rsquo;s print of $3.64. Circumstances won&rsquo;t improve until fiscal 2025, when EPS may hit $3.92.



On the top line, <a href="https://finance.yahoo.com/quote/fnv/analysis">revenue may land at $1.12 billion</a>. Again, that&rsquo;s a decline from last year to the tune of 8%. Things should start improving in fiscal 2025 onward when sales are projected to hit $1.23 billion. The high-side estimate calls for $1.28 billion.



Assuming a shares outstanding count of 192.31 million, FNV is trading at 18.1X high-side 2025 sales. That might seem like a lot but the market previously accepted multiples of well over 20X. So, it&rsquo;s still one of the gold stocks to watch.



<h2>Osisko Gold Royalties (OR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/gold-stocks-300x169.png" alt="An image of a rising bar graph on top of gold bars, representing gold stocks"><div>Source: Alexander Limbach / Shutterstock</div></div>Another Canada-based enterprise, Osisko Gold Royalties (NYSE:<a href="https://investorplace.com/stock-quotes/or-stock-quote/">OR</a>) holds royalties in gold, silver and diamond mines, making it one of the more intriguing gold stocks to consider. OR is a relatively strong performer, generating a return of over 17% YTD. Right now, shares trade hands at 34.36X forward earnings and 16.94X trailing-year sales.



By the end of this year, analysts are looking for <a href="https://finance.yahoo.com/quote/or/analysis">EPS to hit 48 cents</a>. If so, that would be a 23% lift from last year&rsquo;s print of 39 cents. Next year could be even more attractive for speculators, with EPS projected to reach 58 cents. The high-side estimate stands at 69 cents.



On the top line, covering experts are tracking for sales to land at $192.22 million. That would imply a 6.3% lift from last year&rsquo;s haul of $180.78 million. The next year&rsquo;s target is $229.55 million, with a high-side view of $262.93 million.



Assuming a shares outstanding count of nearly 186 million shares, OR stock is currently trading at 13.44X consensus 2025 sales. That still seems high at first glance. However, the market previously accepted a multiple of nearly 18X in the first quarter of 2023.



<h2>Eldorado Gold (EGO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/gold-1600-300x169.jpg" alt="A gold bar along with some coins made of precious metals. gold stocks"><div>Source: allstars / Shutterstock.com</div></div>One of the slightly more speculative ideas among gold stocks, Eldorado Gold (NYSE:<a href="https://investorplace.com/stock-quotes/ego-stock-quote/">EGO</a>) is a Canadian firm that owns and operates gold mines in Turkey, Greece and its home market. Since the beginning of the year, EGO stock gained about 26% of equity value. That&rsquo;s a decent performance. Even so, it carries relatively modest premiums of 18.31X earnings and 2.98X sales.



Circumstances could look even more enticing should experts see their forecast turn true. By year&rsquo;s end, EPS could potentially rise to $1.33. If so, that would be a 133.33% lift from last year&rsquo;s print of 57 cents. In the following year, EPS could improve again to $1.46. The high-side estimate calls for $1.86.



On the top line, analysts are <a href="https://finance.yahoo.com/quote/ego/analysis">seeking sales of $1.29 billion</a>, up 27.8% from last year&rsquo;s haul of $1.01 billion. In fiscal 2025, revenue could fly again to $1.48 billion. The high-side view is aiming for $1.54 billion. Assuming a shares outstanding count of 204.76 million, EGO is trading at 2.52X consensus 2024 sales.



With revenue projected to improve from here on out, EGO is worth considering for gold stocks to buy.



<h2>TRX Gold (TRX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/gold1600c-300x169.jpg" alt="Gold nuggets on top of American paper money representing gold stocks"><div>Source: Shutterstock</div></div>Easily one of the most speculative ideas among gold stocks, TRX Gold (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/trx-stock-quote/">TRX</a>) should not be treated as a standard investment vehicle. It&rsquo;s pure speculation. For one thing, the market capitalization sits at $109 million. Second, the price of TRX stock sits at a low of 39 cents. Since the start of the year, Tanzanian has only gained less than 4%. That&rsquo;s not a great start.



However, because of the blistering upside potential of <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a>, TRX should be on your watchlist. Right now, shares trade hands at 6.71X forward earnings and 3.16X trailing-year sales. By year&rsquo;s end, EPS could hit 2 cents, a doubling from last year. And in fiscal 2025, analysts believe that earnings could soar to 6 cents per share. The high-side view calls for 8 cents.



On the top line, experts are <a href="https://finance.yahoo.com/quote/trx/analysis">seeking revenue of $44.81 million</a>, up 16.9% from last year. And in fiscal 2025, sales may again rise to $68.72 million. The high-side estimate here calls for $82.5 million.



Assuming a shares outstanding count of 279.57 million, TRX stock is trading at 2.44X consensus 2024 sales. That&rsquo;s not bad for a speculative wager.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the&nbsp;date of publication, the responsible editor did not have (either&nbsp;directly or indirectly) any positions in the securities mentioned in this article.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/7-gold-stocks-to-buy-as-the-fed-moves-closer-to-rate-cuts/">7 Gold Stocks to Buy as the Fed Moves Closer to Rate Cuts</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Gold Stocks to Buy as the Fed Moves Closer to Rate Cuts

Tether just made headlines by minting a whopping $1 billion in USDT (USDT-USD) tokens on the Tron network (TRX-USD), as of August 20. This move isn...

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