U.S. Gold (NASDAQ:USAU) Coverage Initiated at Roth Mkm

Research analysts at Roth Mkm assumed coverage on shares of U.S. Gold (NASDAQ:USAU) in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm set a “buy” rating and a $10.00 price target on the technology company’s stock. Roth Mkm’s price objective indicates a potential upside of 56.74% from the company’s previous close.

Separately, HC Wainwright increased their price target on shares of U.S. Gold from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th.

U.S. Gold Price Performance

Shares of NASDAQ:USAU opened at $6.38 on Wednesday. The firm has a market capitalization of $69.32 million, a P/E ratio of -7.69 and a beta of 1.50. The business’s 50-day moving average is $6.83 and its 200 day moving average is $6.02. U.S. Gold has a 1 year low of $3.20 and a 1 year high of $8.61.

U.S. Gold (NASDAQ:USAU) last posted its quarterly earnings results on Monday, December 16th. The technology company reported ($0.20) earnings per share (EPS) for the quarter. On average, analysts expect that U.S. Gold will post -1.06 EPS for the current year.

Hedge Funds Weigh In On U.S. Gold

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of U.S. Gold by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock valued at $613,000 after acquiring an additional 3,778 shares during the period. Jane Street Group LLC purchased a new position in U.S. Gold during the third quarter worth approximately $118,000. Quadrature Capital Ltd acquired a new stake in U.S. Gold in the third quarter valued at approximately $59,000. Finally, Prospera Financial Services Inc grew its holdings in U.S. Gold by 3.8% in the third quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock valued at $317,000 after purchasing an additional 2,000 shares during the period. 6.64% of the stock is owned by hedge funds and other institutional investors.

U.S. Gold Company Profile

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.