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 note issued to investors on Wednesday, Marketbeat reports. The brokerage set a “buy” rating and a $10.00 price target on the technology company’s stock. Roth Mkm’s price target suggests a potential upside of 56.74% from the company’s previous close.

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

U.S. Gold Trading Down 0.5 %

Shares of NASDAQ USAU opened at $6.38 on Wednesday. The company has a 50-day moving average of $6.83 and a 200 day moving average of $6.02. U.S. Gold has a 12-month low of $3.20 and a 12-month high of $8.61. The stock has a market cap of $69.32 million, a PE ratio of -7.69 and a beta of 1.50.

U.S. Gold (NASDAQ:USAU) last issued its earnings results on Monday, December 16th. The technology company reported ($0.20) earnings per share (EPS) for the quarter. On average, sell-side analysts forecast that U.S. Gold will post -1.06 EPS for the current fiscal year.

Institutional Trading of U.S. Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Prospera Financial Services Inc boosted its holdings in U.S. Gold by 3.8% during 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 during the period. Geode Capital Management LLC raised its stake in shares of U.S. Gold by 3.7% in the third quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock valued at $613,000 after acquiring an additional 3,778 shares in the last quarter. Quadrature Capital Ltd purchased a new position in U.S. Gold in the third quarter valued at $59,000. Finally, Jane Street Group LLC acquired a new position in U.S. Gold during the 3rd quarter worth $118,000. 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.