US Gold (NASDAQ:USAU - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Roth Capital in a report released on Tuesday,Benzinga reports. They currently have a $18.00 target price on the technology company's stock, up from their prior target price of $16.00. Roth Capital's target price suggests a potential upside of 43.88% from the stock's current price.
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $15.00 price target on shares of US Gold in a report on Wednesday, June 25th.
View Our Latest Stock Analysis on US Gold
US Gold Trading Up 2.5%
NASDAQ:USAU traded up $0.31 during trading hours on Tuesday, hitting $12.51. 278,890 shares of the company traded hands, compared to its average volume of 326,204. The stock has a market capitalization of $173.64 million, a price-to-earnings ratio of -9.20 and a beta of 1.33. The firm has a 50-day moving average of $11.49 and a 200 day moving average of $9.34. US Gold has a twelve month low of $4.71 and a twelve month high of $14.39.
Institutional Trading of US Gold
A number of hedge funds have recently modified their holdings of USAU. Bogart Wealth LLC bought a new position in US Gold in the 1st quarter valued at about $46,000. Squarepoint Ops LLC bought a new position in US Gold during the 4th quarter worth $69,000. Occudo Quantitative Strategies LP acquired a new position in shares of US Gold in the fourth quarter valued at about $73,000. JPMorgan Chase & Co. boosted its holdings in US Gold by 93.8% in the 4th quarter. JPMorgan Chase & Co. now owns 14,117 shares of the technology company's stock valued at $87,000 after purchasing an additional 6,831 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of US Gold during the 4th quarter worth approximately $104,000. Institutional investors and hedge funds 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider US Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and US Gold wasn't on the list.
While US Gold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
