U.S. Gold (NASDAQ:USAU) Earns Buy Rating from Analysts at Roth Mkm

Equities research analysts at Roth Mkm initiated coverage on shares of U.S. Gold (NASDAQ:USAU) in a research report issued on Wednesday. The brokerage set a “buy” rating and a $10.00 price target on the technology company’s stock. Roth Mkm’s price objective points to a potential upside of 49.37% from the company’s current price.

Separately, HC Wainwright raised their target price on U.S. Gold from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th.

U.S. Gold Price Performance

USAU opened at $6.70 on Wednesday. The firm has a 50 day simple moving average of $6.80 and a 200 day simple moving average of $6.02. U.S. Gold has a fifty-two week low of $3.20 and a fifty-two week high of $8.61. The company has a market cap of $72.74 million, a price-to-earnings ratio of -8.07 and a beta of 1.50.

U.S. Gold (NASDAQ:USAU) last posted its quarterly earnings results on Monday, December 16th. The technology company reported ($0.20) earnings per share for the quarter. As a group, analysts expect that U.S. Gold will post -1.06 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd bought a new position in U.S. Gold in the third quarter valued at approximately $59,000. Jane Street Group LLC acquired a new stake in shares of U.S. Gold during the third quarter worth $118,000. Prospera Financial Services Inc lifted its position in U.S. Gold by 3.8% in the 3rd quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock valued at $317,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in U.S. Gold by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock worth $613,000 after purchasing an additional 3,778 shares during the period. 6.64% of the stock is currently owned by institutional investors.

U.S. Gold Company Profile

U.S. Gold Corp. engages in the exploration and development of gold and precious metals in the United States. It also explores for copper and silver deposits. The company holds 100% interests in the CK Gold project, which consists of various mining leases and other mineral rights covering approximately 1,120 acres in Laramie County, Wyoming; the Keystone project that consists of 601 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 77 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.