US Gold (NASDAQ:USAU) Receives “Buy” Rating from HC Wainwright
HC Wainwright reiterated their buy rating on shares of US Gold (NASDAQ:USAU) in a report published on Thursday morning, AnalystRatings.com reports. HC Wainwright currently has a $2.70 target price on the technology company’s stock.
“We note that Orevada has an option to acquire a 70% interest in the Maggie Creek Project. This acquisition therefore provides U.S. Gold with a second exploration project along the prolific Carlin Trend in Nevada.”,” the firm’s analyst wrote.
Other equities analysts have also issued reports about the company. Zacks Investment Research raised US Gold from a hold rating to a buy rating and set a $1.25 price objective on the stock in a research note on Saturday, July 27th. ValuEngine raised US Gold from a hold rating to a buy rating in a research note on Thursday, August 1st.
US Gold (NASDAQ:USAU) last announced its quarterly earnings results on Friday, July 26th. The technology company reported ($0.07) EPS for the quarter. Equities research analysts expect that US Gold will post -0.41 EPS for the current fiscal year.
An institutional investor recently raised its position in US Gold stock. Commonwealth Equity Services LLC increased its stake in US Gold Corp (NASDAQ:USAU) by 57.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the technology company’s stock after acquiring an additional 11,000 shares during the quarter. Commonwealth Equity Services LLC owned about 0.16% of US Gold worth $30,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.87% of the company’s stock.
US Gold Company Profile
U.S. Gold Corp. operates as a gold exploration and development company in the United States. It has a portfolio of development and exploration properties. The company's properties include the Copper King project, an advanced stage gold and copper exploration and development project located in southeast Wyoming; Keystone project, an exploration property on the Cortez Trend in Nevada; and the Gold Bar North project, a gold exploration property located in Eureka County, Nevada.
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