US Gold (NASDAQ:USAU - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Roth Capital in a research note issued on Tuesday,Benzinga reports. They currently have a $18.00 target price on the technology company's stock, up from their previous target price of $16.00. Roth Capital's target price indicates a potential upside of 41.73% from the stock's previous close.
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $15.00 price target on shares of US Gold in a research note on Wednesday, June 25th.
View Our Latest Stock Report on US Gold
US Gold Stock Down 1.1%
Shares of USAU traded down $0.14 during trading hours on Tuesday, hitting $12.70. The company had a trading volume of 158,955 shares, compared to its average volume of 220,701. US Gold has a 52-week low of $4.71 and a 52-week high of $14.39. The stock's 50 day moving average price is $11.67 and its 200 day moving average price is $9.42. The firm has a market cap of $176.28 million, a P/E ratio of -9.34 and a beta of 1.33.
Institutional Investors Weigh In On US Gold
A number of large investors have recently added to or reduced their stakes in USAU. Bogart Wealth LLC purchased a new stake in shares of US Gold during the first quarter worth about $46,000. Squarepoint Ops LLC bought a new position in US Gold during the 4th quarter valued at approximately $69,000. Occudo Quantitative Strategies LP purchased a new stake in US Gold in the 4th quarter worth approximately $73,000. JPMorgan Chase & Co. grew its position in shares of US Gold by 93.8% in 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 during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of US Gold in the 4th quarter worth approximately $104,000. Institutional investors own 6.64% of the company's stock.
US Gold Company Profile
(
Get Free Report)
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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