U.S. Gold (NASDAQ:USAU) Earns "Buy" Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of U.S. Gold (NASDAQ:USAU - Free Report) in a research report sent to investors on Friday, MarketBeat reports. The firm currently has a $15.00 price target on the technology company's stock, up from their previous price target of $14.00.

Separately, Roth Capital reissued a "buy" rating on shares of U.S. Gold in a report on Tuesday, May 6th.

U.S. Gold Stock Up 2.2%

Shares of U.S. Gold stock traded up $0.24 on Friday, reaching $11.08. The stock had a trading volume of 133,115 shares, compared to its average volume of 185,761. The stock has a market capitalization of $140.57 million, a P/E ratio of -11.07 and a beta of 1.51. The company has a 50 day moving average price of $9.94 and a 200 day moving average price of $8.45. U.S. Gold has a 1 year low of $4.71 and a 1 year high of $12.00.

U.S. Gold (NASDAQ:USAU - Get Free Report) last announced its earnings results on Monday, March 17th. The technology company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.27). On average, analysts forecast that U.S. Gold will post -0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On U.S. Gold

Several hedge funds have recently made changes to their positions in the company. Philadelphia Financial Management of San Francisco LLC purchased a new stake in U.S. Gold during the 1st quarter valued at about $2,163,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in U.S. Gold by 41.2% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 24,000 shares of the technology company's stock valued at $218,000 after buying an additional 7,000 shares during the last quarter. Bogart Wealth LLC acquired a new position in U.S. Gold in the 1st quarter worth approximately $46,000. Squarepoint Ops LLC purchased a new position in U.S. Gold during the 4th quarter worth approximately $69,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in U.S. Gold during the 4th quarter valued at approximately $73,000. 6.64% of the stock is owned by institutional investors and hedge funds.

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.