U.S. Gold (NASDAQ:USAU) Earns Buy Rating from Analysts at Alliance Global Partners

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Alliance Global Partners assumed coverage on shares of U.S. Gold (NASDAQ:USAU) in a research report report published on Monday morning, The Fly reports. The firm issued a buy rating on the technology company’s stock.

Other equities analysts have also issued reports about the company. ValuEngine lowered U.S. Gold from a buy rating to a hold rating in a research note on Wednesday, November 25th. Zacks Investment Research upgraded U.S. Gold from a sell rating to a hold rating in a research note on Saturday, October 10th. Finally, HC Wainwright restated a buy rating and set a $17.50 price target (down from $18.00) on shares of U.S. Gold in a research note on Wednesday, October 21st.

U.S. Gold stock opened at $14.00 on Monday. The firm has a market capitalization of $80.64 million, a P/E ratio of -4.42 and a beta of 1.50. The stock has a fifty day moving average price of $12.80 and a 200 day moving average price of $10.08. U.S. Gold has a 52 week low of $2.61 and a 52 week high of $17.40.

A hedge fund recently raised its stake in U.S. Gold stock. LPL Financial LLC increased its stake in U.S. Gold Corp. (NASDAQ:USAU) by 20.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,073 shares of the technology company’s stock after buying an additional 8,756 shares during the quarter. LPL Financial LLC owned about 1.45% of U.S. Gold worth $479,000 as of its most recent filing with the SEC. 3.04% of the stock is currently owned by hedge funds and other institutional investors.

About U.S. Gold

U.S. Gold Corp. operates as a gold and precious metals exploration and development company in the United States. It explores for gold, copper, silver, and zinc minerals. The company's properties include the Copper King Project located in the Silver Crown Mining District, southeast Wyoming; Keystone Project consisting of 650 unpatented lode mining claims on the Cortez Trend in Nevada; the Maggie Creek Project located in Eureka County, Nevada; and the Gold Bar North Project comprising of 49 unpatented lode mining claims located in Eureka County, Nevada.

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