US Gold's (USAU) "Buy" Rating Reaffirmed at HC Wainwright

US Gold (NASDAQ:USAU - Get Free Report)'s stock had its "buy" rating restated by analysts at HC Wainwright in a note issued to investors on Wednesday,Benzinga reports. They presently have a $15.00 target price on the technology company's stock. HC Wainwright's price target would suggest a potential upside of 17.00% from the company's current price.

Separately, Roth Capital restated a "buy" rating on shares of US Gold in a research note on Tuesday, May 6th.

US Gold Trading Up 4.1%

Shares of US Gold stock opened at $12.82 on Wednesday. The firm's 50-day moving average price is $11.30 and its two-hundred day moving average price is $9.18. US Gold has a 1-year low of $4.71 and a 1-year high of $14.39. The stock has a market capitalization of $177.94 million, a price-to-earnings ratio of -9.43 and a beta of 1.32.

Hedge Funds Weigh In On US Gold

A number of institutional investors have recently modified their holdings of USAU. Philadelphia Financial Management of San Francisco LLC purchased a new stake in US Gold in the 1st quarter valued at about $2,163,000. Renaissance Technologies LLC lifted its stake in shares of 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 acquiring an additional 70,214 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of US Gold in the fourth quarter worth about $190,000. Cubist Systematic Strategies LLC bought a new position in shares of US Gold during the fourth quarter valued at approximately $182,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of US Gold by 41.2% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 24,000 shares of the technology company's stock valued at $218,000 after buying an additional 7,000 shares during the period. 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.

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