US Gold Corp (NASDAQ:USAU) Given Average Rating of “Moderate Buy” by Analysts

US Gold Corp (NASDAQ:USAU) has earned a consensus rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $17.3333.

A number of analysts recently commented on USAU shares. Wall Street Zen raised US Gold from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of US Gold in a research note on Wednesday, October 8th. Roth Capital lifted their price target on shares of US Gold from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Zacks Research raised shares of US Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, HC Wainwright raised their target price on shares of US Gold from $15.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th.

Institutional Investors Weigh In On US Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in USAU. Quantbot Technologies LP purchased a new position in US Gold during the second quarter worth about $25,000. SBI Securities Co. Ltd. increased its stake in shares of US Gold by 18,050.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,178 shares of the technology company’s stock valued at $27,000 after acquiring an additional 2,166 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of US Gold during the 2nd quarter worth about $33,000. BNP Paribas Financial Markets lifted its holdings in shares of US Gold by 157.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,476 shares during the period. Finally, Ameritas Advisory Services LLC boosted its position in shares of US Gold by 26,900.0% in the third quarter. Ameritas Advisory Services LLC now owns 2,700 shares of the technology company’s stock worth $44,000 after acquiring an additional 2,690 shares during the last quarter. Hedge funds and other institutional investors own 6.64% of the company’s stock.

US Gold Trading Up 4.7%

NASDAQ:USAU opened at $15.48 on Wednesday. The company has a market capitalization of $222.26 million, a P/E ratio of -10.12 and a beta of 1.16. The firm has a 50-day moving average price of $16.27 and a two-hundred day moving average price of $13.43. US Gold has a twelve month low of $5.86 and a twelve month high of $19.20.

US Gold (NASDAQ:USAU) last issued its quarterly earnings data on Monday, September 15th. The technology company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.05. On average, equities research analysts predict that US Gold will post -0.95 earnings per share for the current year.

About US 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.