TRX Gold Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSX:TRX Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
07 Apr 25	BuyCA$92,127	Stephen Mullowney	Individual		220,093	CA$0.43
07 Apr 25	BuyCA$30,984	Khalaf Rashid	Individual		73,936	CA$0.43

Insider Trading Volume

Insider Buying: TRX insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of TRX?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	3,848,785	1.36%
Institutions	5,980,247	2.12%
General Public	272,271,632	96.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 3.3% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
0.47%	Stephen Mullowney	1,327,627	CA$617.3k	20%	no data
0.38%	Morgan Stanley, Investment Banking and Brokerage Investments	1,071,070	CA$498.1k	2.08%	no data
0.34%	Rossby Financial, LLC	960,000	CA$446.4k	15.7%	0.13%
0.31%	Khalaf Rashid	868,987	CA$404.1k	8.66%	no data
0.27%	SBAuer Funds, LLC	760,000	CA$353.4k	0%	0.58%
0.19%	Norman Betts	539,549	CA$250.9k	0%	no data
0.16%	Shubo Rakhit	464,184	CA$215.9k	3.07%	no data
0.15%	BNP Paribas Arbitrage Sa, Asset Management Arm	423,367	CA$196.9k	8.59%	no data
0.14%	Michael Leonard	392,188	CA$182.4k	10.9%	no data
0.11%	HighTower Advisors, LLC	306,262	CA$142.4k	-2.61%	no data
0.1%	Integrity Wealth Solutions LLC	291,000	CA$135.3k	0%	0.05%
0.091%	Richard Steinberg	256,250	CA$119.2k	0%	no data
0.086%	Susquehanna International Group, LLP, Asset Management Arm	242,667	CA$112.8k	-54.3%	no data
0.085%	Financial Sense Advisors, Inc.	238,483	CA$110.9k	41.6%	0.02%
0.084%	BMO Asset Management Corp.	237,950	CA$110.6k	2.12%	no data
0.075%	Citadel Advisors LLC	211,496	CA$98.3k	-39.5%	no data
0.052%	Sprott Inc.	145,454	CA$67.6k	0%	no data
0.042%	Cerity Partners LLC	117,371	CA$54.6k	0%	no data
0.027%	WaterFront Wealth Inc.	75,166	CA$35.0k	0%	0.01%
0.025%	Guild Investment Management, Inc.	70,500	CA$32.8k	0%	0.02%
0.024%	LPL Financial Corporation, Asset Management Arm	67,532	CA$31.4k	8.82%	no data
0.024%	Farther Finance Advisors, LLC	66,900	CA$31.1k	-5.11%	no data
0.023%	UBS Asset Management AG	65,995	CA$30.7k	2,500%	no data
0.019%	PFG Investments, LLC	54,688	CA$25.4k	-33.8%	no data
0.019%	Connor, Clark & Lunn Investment Management Ltd.	52,700	CA$24.5k	8.21%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/06/13 12:57
End of Day Share Price	2025/06/13 00:00
Earnings	2025/02/28
Annual Earnings	2024/08/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TRX Gold Corporation is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jacob Sekelsky	Alliance Global Partners
Heiko Ihle	H.C. Wainwright & Co.
Richard Niehuser	Roth Capital Partners