US Gold Corp (NASDAQ:USAU) Receives $17.33 Average PT from Analysts

Shares of US Gold Corp (NASDAQ:USAU) have been assigned an average recommendation of “Hold” from the four brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $24.00.

A number of equities research analysts have issued reports on the stock. Roth Capital reiterated a “buy” rating and issued a $26.00 target price (up previously from $20.00) on shares of US Gold in a research report on Monday, December 15th. Wall Street Zen downgraded shares of US Gold from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. HC Wainwright lifted their price objective on US Gold from $15.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded US Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st.

Institutional Trading of US Gold

Several large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in shares of US Gold in the second quarter worth about $25,000. SBI Securities Co. Ltd. raised its stake in shares of US Gold by 18,050.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,178 shares of the technology company’s stock valued at $27,000 after acquiring an additional 2,166 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in US Gold during the second quarter worth approximately $33,000. BNP Paribas Financial Markets grew its holdings in US Gold by 157.5% during the third quarter. BNP Paribas Financial Markets now owns 2,413 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,476 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its position in shares of US Gold by 26,900.0% in the third quarter. Ameritas Advisory Services LLC now owns 2,700 shares of the technology company’s stock valued at $44,000 after purchasing an additional 2,690 shares during the period. 6.64% of the stock is owned by institutional investors.

US Gold Price Performance

US Gold stock opened at $18.87 on Friday. US Gold has a fifty-two week low of $5.86 and a fifty-two week high of $19.20. The firm’s 50 day simple moving average is $16.44 and its 200-day simple moving average is $14.34. The company has a market cap of $271.54 million, a P/E ratio of -11.51 and a beta of 0.96.

US Gold (NASDAQ:USAU) last announced its quarterly earnings data on Wednesday, December 10th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.18). On average, analysts expect that US Gold will post -0.95 EPS for the current fiscal year.

US Gold Company Profile

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.