Roth Capital Reaffirms Buy Rating for US Gold (NASDAQ:USAU)

Key Points

• Roth Capital has reaffirmed its buy rating for US Gold (NASDAQ:USAU), increasing the price target to $19.00, indicating a potential upside of 72.18% from the previous close.
• Shares of US Gold recently rose 6.4% to $11.04, with a trading volume of 142,625 shares on a day that typically averages 317,426 shares.
• US Gold reported a quarterly loss of ($0.25) earnings per share, missing the consensus estimate by ($0.10), and analysts predict a total loss of -0.95 EPS for the current year.

US Gold (NASDAQ:USAU - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Roth Capital in a research note issued on Monday,Benzinga reports. They currently have a $19.00 price target on the technology company's stock, up from their previous price target of $18.00. Roth Capital's price objective would suggest a potential upside of 59.33% from the stock's previous close. Roth Capital also issued estimates for US Gold's Q1 2026 earnings at ($0.20) EPS, Q2 2026 earnings at ($0.14) EPS, Q3 2026 earnings at ($0.10) EPS, Q4 2026 earnings at ($0.21) EPS, FY2026 earnings at ($0.65) EPS, Q1 2027 earnings at ($0.25) EPS, Q2 2027 earnings at ($0.25) EPS, Q3 2027 earnings at ($0.23) EPS, Q4 2027 earnings at ($0.23) EPS and FY2027 earnings at ($0.95) EPS.

Separately, HC Wainwright restated a "buy" rating and set a $15.00 target price on shares of US Gold in a research report on Wednesday, June 25th.

US Gold Trading Up 1.7%

Shares of NASDAQ USAU traded up $0.21 during trading on Monday, reaching $11.93. 146,770 shares of the company traded hands, compared to its average volume of 315,706. US Gold has a 12-month low of $4.86 and a 12-month high of $14.39. The stock has a market cap of $167.31 million, a P/E ratio of -6.71 and a beta of 1.27. The firm's fifty day simple moving average is $12.14 and its 200 day simple moving average is $10.30.

US Gold (NASDAQ:USAU - Get Free Report) last posted its earnings results on Tuesday, July 29th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.10). As a group, research analysts expect that US Gold will post -0.95 EPS for the current year.

Institutional Trading of US Gold

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in US Gold by 109.6% in the 2nd quarter. Geode Capital Management LLC now owns 251,330 shares of the technology company's stock valued at $3,067,000 after purchasing an additional 131,394 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new position in US Gold in the first quarter valued at $2,163,000. Renaissance Technologies LLC raised its position in US Gold by 296.4% in the 4th quarter. Renaissance Technologies LLC now owns 93,900 shares of the technology company's stock valued at $576,000 after purchasing an additional 70,214 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of US Gold during the fourth quarter worth approximately $190,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in US Gold in the fourth quarter valued at approximately $182,000. 6.64% of the stock is owned by institutional investors and hedge funds.

About US Gold

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.