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

US Gold (NASDAQ:USAU)‘s stock had its “buy” rating restated by stock analysts at HC Wainwright in a research report issued on Thursday,Benzinga reports. They presently have a $27.50 price target on the technology company’s stock. HC Wainwright’s price target points to a potential upside of 74.05% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of US Gold in a research note on Wednesday, January 21st. Roth Mkm reiterated a “buy” rating and issued a $26.00 price target (up from $20.00) on shares of US Gold in a research note on Monday, December 15th. Finally, Wall Street Zen downgraded shares of US Gold from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.75.

US Gold Trading Up 4.0%

NASDAQ USAU opened at $15.80 on Thursday. US Gold has a 12 month low of $7.38 and a 12 month high of $23.75. The stock has a market cap of $260.70 million, a PE ratio of -10.90 and a beta of 0.90. The stock’s 50 day moving average is $17.36 and its 200 day moving average is $17.38.

US Gold (NASDAQ:USAU) last announced its quarterly earnings data on Monday, March 16th. The technology company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.22). On average, analysts forecast that US Gold will post -0.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of US Gold by 16.6% in the third quarter. Vanguard Group Inc. now owns 648,923 shares of the technology company’s stock valued at $10,694,000 after purchasing an additional 92,153 shares in the last quarter. Millennium Management LLC raised its stake in US Gold by 51.4% during the fourth quarter. Millennium Management LLC now owns 343,204 shares of the technology company’s stock valued at $6,662,000 after purchasing an additional 116,456 shares in the last quarter. Geode Capital Management LLC raised its stake in US Gold by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 286,848 shares of the technology company’s stock valued at $5,569,000 after purchasing an additional 8,812 shares in the last quarter. Up Capital Management Inc. bought a new position in US Gold during the fourth quarter valued at $5,157,000. Finally, State Street Corp grew its stake in shares of US Gold by 0.4% in the 4th quarter. State Street Corp now owns 237,407 shares of the technology company’s stock worth $4,608,000 after buying an additional 1,023 shares in the last quarter. 6.64% of the stock is currently owned by institutional investors.

About US Gold

US Gold Corporation (NASDAQ: USAU) is a U.S.-based mineral exploration and development company focused on advancing gold and copper projects in key mining jurisdictions across the United States. The company’s flagship asset is the Copper King project in Park County, Wyoming, where US Gold holds more than 10,000 contiguous acres in the historic Sweetwater Mining District. Copper King is a bulk-tonnage, porphyry-style copper-gold property for which the company has completed multiple drilling campaigns, metallurgical testing and a preliminary economic assessment.

In addition to Copper King, US Gold controls the Keystone project on the northern Black Hills Gold Trend in South Dakota.