HC Wainwright reissued their buy rating on shares of US Gold (NASDAQ:USAU) in a research report released on Thursday morning, AnalystRatings.com reports. HC Wainwright currently has a $2.70 target price on the technology company’s stock.
“We note that Orevada has an option to acquire a 70% interest in the Maggie Creek Project. This acquisition therefore provides U.S. Gold with a second exploration project along the prolific Carlin Trend in Nevada.”,” HC Wainwright’s analyst wrote.
A number of other research analysts have also weighed in on the stock. ValuEngine raised shares of US Gold from a hold rating to a buy rating in a research report on Thursday, August 1st. Zacks Investment Research raised shares of US Gold from a hold rating to a buy rating and set a $1.25 price target on the stock in a research report on Saturday, July 27th.
US Gold (NASDAQ:USAU) last released its quarterly earnings results on Friday, July 26th. The technology company reported ($0.07) earnings per share for the quarter. Equities research analysts predict that US Gold will post -0.41 EPS for the current year.
An institutional investor recently raised its position in US Gold stock. Commonwealth Equity Services LLC lifted its position in shares of US Gold Corp (NASDAQ:USAU) by 57.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the technology company’s stock after purchasing an additional 11,000 shares during the period. Commonwealth Equity Services LLC owned 0.16% of US Gold worth $30,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.87% of the company’s stock.
US Gold Company Profile
U.S. Gold Corp. operates as a gold exploration and development company in the United States. It has a portfolio of development and exploration properties. The company's properties include the Copper King project, an advanced stage gold and copper exploration and development project located in southeast Wyoming; Keystone project, an exploration property on the Cortez Trend in Nevada; and the Gold Bar North project, a gold exploration property located in Eureka County, Nevada.
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