US Gold’s (USAU) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of US Gold (NASDAQ:USAU) in a research report report published on Thursday morning,Benzinga reports. They currently have a $27.50 target price on the technology company’s stock.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of US Gold in a report on Wednesday, January 21st. Wall Street Zen lowered US Gold from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $26.00 target price (up from $20.00) on shares of US Gold in a research note on Monday, December 15th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.75.

US Gold Stock Up 0.3%

Shares of USAU opened at $15.84 on Thursday. The business has a fifty day moving average of $17.26 and a 200 day moving average of $17.37. The company has a market cap of $261.36 million, a PE ratio of -10.92 and a beta of 0.89. US Gold has a 52-week low of $7.38 and a 52-week high of $23.75.

US Gold (NASDAQ:USAU) last announced its earnings results on Monday, March 16th. The technology company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.22). As a group, research analysts anticipate that US Gold will post -0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On US Gold

A number of institutional investors have recently modified their holdings of the stock. Up Capital Management Inc. bought a new stake in shares of US Gold during the fourth quarter valued at approximately $5,157,000. Millennium Management LLC bought a new position in US Gold in the third quarter worth approximately $3,737,000. Goldman Sachs Group Inc. increased its holdings in US Gold by 334.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 177,993 shares of the technology company’s stock worth $3,455,000 after purchasing an additional 137,009 shares during the period. Geode Capital Management LLC increased its holdings in US Gold by 109.6% during the 2nd quarter. Geode Capital Management LLC now owns 251,330 shares of the technology company’s stock worth $3,067,000 after purchasing an additional 131,394 shares during the period. Finally, Vanguard Group Inc. raised its position in US Gold by 16.6% during the 3rd quarter. Vanguard Group Inc. now owns 648,923 shares of the technology company’s stock valued at $10,694,000 after purchasing an additional 92,153 shares in the last quarter. 6.64% of the stock is owned by hedge funds and other institutional investors.

About US Gold

US Gold Corporation (NASDAQ: USAU) is a U.S.-based mineral exploration and development company focused on advancing gold and copper projects in key mining jurisdictions across the United States. The company’s flagship asset is the Copper King project in Park County, Wyoming, where US Gold holds more than 10,000 contiguous acres in the historic Sweetwater Mining District. Copper King is a bulk-tonnage, porphyry-style copper-gold property for which the company has completed multiple drilling campaigns, metallurgical testing and a preliminary economic assessment.

In addition to Copper King, US Gold controls the Keystone project on the northern Black Hills Gold Trend in South Dakota.