US Gold (NASDAQ:USAU) Earns “Buy” Rating from HC Wainwright

US Gold (NASDAQ:USAU)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a note issued to investors on Thursday,Benzinga reports. They presently have a $27.50 target price on the technology company’s stock. HC Wainwright’s price target indicates a potential upside of 73.61% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Roth Mkm reissued a “buy” rating and set a $26.00 target price (up from $20.00) on shares of US Gold in a research report on Monday, December 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of US Gold in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of US Gold from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, US Gold has a consensus rating of “Hold” and an average price target of $26.75.

US Gold Stock Performance

USAU stock opened at $15.84 on Thursday. The firm has a 50 day simple moving average of $17.13 and a 200 day simple moving average of $17.37. US Gold has a 52 week low of $7.38 and a 52 week high of $23.75. The stock has a market cap of $261.36 million, a P/E ratio of -10.92 and a beta of 0.89.

US Gold (NASDAQ:USAU) last posted its quarterly earnings results on Monday, March 16th. The technology company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.22). Sell-side analysts predict that US Gold will post -0.95 EPS for the current year.

Hedge Funds Weigh In On US Gold

Several institutional investors have recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of US Gold by 4.7% in the fourth quarter. Barclays PLC now owns 18,521 shares of the technology company’s stock valued at $359,000 after acquiring an additional 825 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of US Gold by 12.9% during the third quarter. Bank of America Corp DE now owns 7,308 shares of the technology company’s stock worth $120,000 after purchasing an additional 835 shares during the last quarter. State Street Corp increased its position in US Gold by 0.4% in the 4th quarter. State Street Corp now owns 237,407 shares of the technology company’s stock valued at $4,608,000 after acquiring an additional 1,023 shares in the last quarter. Occudo Quantitative Strategies LP raised its position in shares of US Gold by 4.3% during the second quarter. Occudo Quantitative Strategies LP now owns 33,398 shares of the technology company’s stock worth $407,000 after acquiring an additional 1,379 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in US Gold by 157.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,476 shares during the period. 6.64% of the stock is owned by institutional investors.

US Gold Company Profile

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.