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 reaffirmed by analysts at Roth Capital in a research report issued on Monday,Benzinga reports. They currently have a $19.00 price objective on the technology company's stock, up from their prior price objective of $18.00. Roth Capital's target price would suggest a potential upside of 72.18% from the stock's previous close.

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

US Gold Trading Up 6.4%

Shares of USAU stock traded up $0.67 on Monday, hitting $11.04. The stock had a trading volume of 142,625 shares, compared to its average volume of 317,426. US Gold has a twelve month low of $4.71 and a twelve month high of $14.39. The firm has a market cap of $154.82 million, a P/E ratio of -6.20 and a beta of 1.27. The company has a fifty day moving average price of $12.10 and a two-hundred day moving average price of $10.22.

US Gold (NASDAQ:USAU - Get Free Report) last announced its quarterly 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). On average, analysts expect that US Gold will post -0.95 earnings per share for the current year.

Institutional Investors Weigh In On US Gold

Several institutional investors have recently added to or reduced their stakes in USAU. Bogart Wealth LLC bought a new stake in US Gold during the 1st quarter worth about $46,000. Squarepoint Ops LLC bought a new stake in US Gold during the 4th quarter worth about $69,000. Occudo Quantitative Strategies LP bought a new stake in US Gold during the 4th quarter worth about $73,000. JPMorgan Chase & Co. lifted its position in US Gold by 93.8% during the 4th quarter. JPMorgan Chase & Co. now owns 14,117 shares of the technology company's stock worth $87,000 after buying an additional 6,831 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in US Gold during the 4th quarter worth about $104,000. 6.64% of the stock is owned by 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.

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