Heiko Ihle, an analyst from H.C. Wainwright, reiterated the Buy rating on Tanzanian Royalty Exploration. The associated price target was raised to $1.40.
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Heiko Ihle has given his Buy rating due to a combination of factors that highlight the operational and financial strengths of Tanzanian Royalty Exploration. The company reported a significant increase in revenue for FY2025, reaching $57.6 million compared to $41.2 million in FY2024, which translated into a net income of $6.6 million. This growth was largely driven by an increase in the average realized gold price, showcasing the firm’s ability to capitalize on favorable market conditions.
Moreover, TRX demonstrated financial self-sufficiency by funding its expansion and exploration programs through internal cash flow, without resorting to shareholder dilution. The discovery of the Stamford Bridge Zone and a reduction in the domestic gold royalty rate further de-risked operations and set the stage for a more stable and profitable FY2026. Management’s guidance for increased gold production and strategic capital expenditures supports the expectation of continued growth and profitability, reinforcing the Buy rating.