US Gold (NASDAQ:USAU) Price Target Raised to $22.00

Key Points

• HC Wainwright raised the price target for US Gold from $15.00 to $22.00, indicating a potential upside of 45.50% from the current stock price.
• Roth Capital also increased their target price on US Gold to $20.00, with both firms maintaining a "buy" rating on the stock.
• US Gold recently reported earnings of ($0.15) per share, exceeding the consensus estimate of ($0.20), while institutional investors have continued to increase their stakes in the company.

US Gold (NASDAQ:USAU - Get Free Report) had its price objective boosted by research analysts at HC Wainwright from $15.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. HC Wainwright's target price would suggest a potential upside of 45.50% from the stock's current price.

Separately, Roth Capital upped their target price on US Gold from $19.00 to $20.00 and gave the company a "buy" rating in a report on Monday. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, US Gold has a consensus rating of "Buy" and a consensus price target of $17.33.

US Gold Stock Performance

US Gold stock opened at $15.12 on Thursday. The firm has a market capitalization of $216.97 million, a price-to-earnings ratio of -9.88 and a beta of 1.20. US Gold has a fifty-two week low of $5.44 and a fifty-two week high of $16.71. The stock's fifty day moving average is $12.62 and its two-hundred day moving average is $11.47.

US Gold (NASDAQ:USAU - Get Free Report) last posted its earnings results on Monday, September 15th. The technology company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.05. As a group, sell-side analysts forecast that US Gold will post -0.95 EPS for the current fiscal year.

Institutional Trading of US Gold

Several institutional investors and hedge funds have recently made changes to their positions in USAU. Squarepoint Ops LLC purchased a new stake in shares of US Gold in the fourth quarter valued at $69,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in US Gold during the fourth quarter worth about $104,000. Bogart Wealth LLC purchased a new position in US Gold during the first quarter worth about $46,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in US Gold during the first quarter worth about $2,163,000. Finally, SBI Securities Co. Ltd. lifted its position in US Gold by 18,050.0% during the second quarter. SBI Securities Co. Ltd. now owns 2,178 shares of the technology company's stock worth $27,000 after buying an additional 2,166 shares during the period. 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.

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