US Gold’s (USAU) “Buy” Rating Reiterated at HC Wainwright

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

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

US Gold Price Performance

Shares of US Gold stock opened at $15.84 on Thursday. The company has a market cap of $261.36 million, a P/E ratio of -10.92 and a beta of 0.89. The firm’s 50 day moving average price is $17.13 and its 200-day moving average price is $17.39. US Gold has a 52-week low of $7.38 and a 52-week high of $23.75.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Up Capital Management Inc. acquired a new stake in shares of US Gold during the fourth quarter worth $5,157,000. Millennium Management LLC purchased a new position in US Gold in the 3rd quarter worth $3,737,000. Goldman Sachs Group Inc. lifted its position 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 acquiring an additional 137,009 shares during the period. Geode Capital Management LLC lifted its position 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 acquiring an additional 131,394 shares during the period. Finally, Vanguard Group Inc. grew its stake 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 during the last quarter. Hedge funds and other institutional investors own 6.64% of the company’s stock.

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.