US Gold (NASDAQ:USAU) Stock Price Expected to Rise, Roth Capital Analyst Says

Key Points

• Roth Capital raised the price target for US Gold from $19.00 to $20.00, indicating a potential upside of 22.32% based on the stock's previous close.
• HC Wainwright maintained a "buy" rating for US Gold, setting a target price of $15.00, while the current consensus rating for the stock remains "Buy."
• Following the price target upgrades, US Gold stock traded up 2.6% to reach $16.35, with significant trading volume exceeding the average.

US Gold (NASDAQ:USAU - Get Free Report) had its price target lifted by analysts at Roth Capital from $19.00 to $20.00 in a report issued on Monday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the technology company's stock. Roth Capital's target price suggests a potential upside of 23.38% from the stock's current price.

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $15.00 price objective on shares of US Gold in a research note on Wednesday, June 25th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, US Gold presently has a consensus rating of "Buy" and an average target price of $15.00.

US Gold Price Performance

Shares of NASDAQ:USAU traded down $0.12 during trading on Monday, hitting $16.21. The company had a trading volume of 94,604 shares, compared to its average volume of 316,607. The stock has a market cap of $232.61 million, a price-to-earnings ratio of -10.60 and a beta of 1.19. US Gold has a one year low of $5.44 and a one year high of $16.71. The company has a fifty day simple moving average of $12.45 and a two-hundred day simple moving average of $11.41.

US Gold (NASDAQ:USAU - Get Free Report) last posted its quarterly earnings data on Monday, September 15th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.05. On average, equities research analysts anticipate that US Gold will post -0.95 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in USAU. Quantbot Technologies LP purchased a new position in shares of US Gold in the 2nd quarter valued at $25,000. SBI Securities Co. Ltd. increased its holdings in shares of US Gold by 18,050.0% in 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 period. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of US Gold in the 2nd quarter valued at $33,000. Bogart Wealth LLC purchased a new position in shares of US Gold in the 1st quarter valued at $46,000. Finally, Squarepoint Ops LLC purchased a new position in shares of US Gold in the 4th quarter valued at $69,000. 6.64% of the stock is currently owned by hedge funds and other institutional investors.

US 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.