HC Wainwright Reiterates “Buy” Rating for U.S. Gold (NASDAQ:USAU)

U.S. Gold (NASDAQ:USAU)‘s stock had its “buy” rating restated by stock analysts at HC Wainwright in a note issued to investors on Friday, Marketbeat reports. They currently have a $15.00 target price on the technology company’s stock, up from their prior target price of $14.00. HC Wainwright’s target price would suggest a potential upside of 39.15% from the stock’s current price.

Separately, Roth Capital reaffirmed a “buy” rating on shares of U.S. Gold in a research note on Tuesday, May 6th.

U.S. Gold Stock Up 3.3%

USAU opened at $10.78 on Friday. The firm has a 50-day moving average price of $9.94 and a 200-day moving average price of $8.40. U.S. Gold has a twelve month low of $4.71 and a twelve month high of $12.00. The company has a market capitalization of $136.83 million, a price-to-earnings ratio of -10.78 and a beta of 1.51.

U.S. Gold (NASDAQ:USAU) last issued its earnings results on Monday, March 17th. The technology company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.27). On average, sell-side analysts expect that U.S. Gold will post -0.95 earnings per share for the current fiscal year.

Institutional Trading of U.S. Gold

A number of large investors have recently modified their holdings of the business. Philadelphia Financial Management of San Francisco LLC bought a new position in shares of U.S. Gold in the first quarter worth approximately $2,163,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in U.S. Gold by 41.2% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 24,000 shares of the technology company’s stock worth $218,000 after buying an additional 7,000 shares in the last quarter. Bogart Wealth LLC bought a new position in shares of U.S. Gold in the 1st quarter worth $46,000. Squarepoint Ops LLC purchased a new stake in shares of U.S. Gold during the 4th quarter valued at $69,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of U.S. Gold during the 4th quarter worth $73,000. 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.