U.S. Gold (NASDAQ:USAU) Given New $13.00 Price Target at HC Wainwright

U.S. Gold (NASDAQ:USAU) had its target price lifted by HC Wainwright from $11.00 to $13.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock. HC Wainwright also issued estimates for U.S. Gold’s FY2025 earnings at ($1.06) EPS.

U.S. Gold Stock Performance

Shares of U.S. Gold stock opened at $8.01 on Wednesday. The stock has a market capitalization of $86.27 million, a P/E ratio of -9.65 and a beta of 1.45. U.S. Gold has a 52-week low of $3.20 and a 52-week high of $8.50. The stock’s 50-day simple moving average is $6.18 and its 200 day simple moving average is $5.76.

U.S. Gold (NASDAQ:USAU) last posted its quarterly earnings results on Monday, September 16th. The technology company reported ($0.24) earnings per share (EPS) for the quarter. Equities research analysts forecast that U.S. Gold will post -1.06 EPS for the current fiscal year.

Institutional Investors Weigh In On U.S. Gold

Several institutional investors have recently made changes to their positions in the stock. Prospera Financial Services Inc grew its position in shares of U.S. Gold by 3.8% in the third quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock valued at $317,000 after purchasing an additional 2,000 shares in the last quarter. Quadrature Capital Ltd bought a new position in U.S. Gold in the 3rd quarter worth about $59,000. Jane Street Group LLC purchased a new position in U.S. Gold during the 3rd quarter valued at about $118,000. Finally, Geode Capital Management LLC increased its position in shares of U.S. Gold by 3.7% during the third quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock valued at $613,000 after buying an additional 3,778 shares during the period. Hedge funds and other institutional investors own 6.64% of the company’s stock.

About U.S. Gold

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.