TRX Gold Third Quarter 2024 Earnings: US$0.01 loss per share (vs US$0.004 loss in 3Q 2023)

[email protected] (Simply Wall St)
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In This Article:

TRX Gold (TSE:TRX) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$10.1m (up 8.9% from 3Q 2023).

  • Net loss: US$2.64m (loss widened by 109% from 3Q 2023).

  • US$0.01 loss per share (further deteriorated from US$0.004 loss in 3Q 2023).

earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

TRX Gold Earnings Insights

Looking ahead, revenue is forecast to grow 51% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 9.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on TRX Gold's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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