U.S. Gold (NASDAQ:USAU) Research Coverage Started at Roth Mkm

Roth Mkm initiated coverage on shares of U.S. Gold (NASDAQ:USAU) in a research report report published on Wednesday, MarketBeat reports. The firm issued a buy rating and a $10.00 price target on the technology company’s stock.

Separately, HC Wainwright lifted their price target on shares of U.S. Gold from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th.

U.S. Gold Stock Performance

Shares of USAU opened at $6.50 on Wednesday. The firm has a market capitalization of $80.10 million, a price-to-earnings ratio of -7.83 and a beta of 1.50. U.S. Gold has a 52 week low of $3.20 and a 52 week high of $8.61. The business’s fifty day moving average price is $6.84 and its two-hundred day moving average price is $6.03.

U.S. Gold (NASDAQ:USAU) last announced its quarterly earnings data on Monday, December 16th. The technology company reported ($0.20) EPS for the quarter. As a group, research analysts forecast that U.S. Gold will post -1.06 EPS for the current year.

Institutional Investors Weigh In On U.S. Gold

A number of institutional investors have recently made changes to their positions in USAU. Quadrature Capital Ltd acquired a new position in U.S. Gold in the third quarter valued at about $59,000. Jane Street Group LLC bought a new stake in shares of U.S. Gold in the 3rd quarter valued at about $118,000. Prospera Financial Services Inc raised its position in shares of U.S. Gold by 3.8% in the 3rd quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock valued at $317,000 after acquiring an additional 2,000 shares during the period. Finally, Geode Capital Management LLC boosted its stake in U.S. Gold by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock worth $613,000 after acquiring an additional 3,778 shares during the last quarter. 6.64% of the stock is owned by institutional investors and hedge funds.

About U.S. 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.