Zacks Research Upgrades US Gold (NASDAQ:USAU) to “Strong-Buy”

US Gold (NASDAQ:USAU) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

USAU has been the topic of several other research reports. Roth Capital lifted their target price on shares of US Gold from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of US Gold in a research report on Friday. Wall Street Zen upgraded shares of US Gold from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, HC Wainwright lifted their target price on shares of US Gold from $15.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.33.

US Gold Stock Down 2.7%

Shares of NASDAQ USAU opened at $16.71 on Thursday. The company’s 50-day simple moving average is $15.31 and its 200-day simple moving average is $12.71. US Gold has a 52-week low of $5.59 and a 52-week high of $19.20. The firm has a market cap of $239.92 million, a price-to-earnings ratio of -10.92 and a beta of 1.20.

US Gold (NASDAQ:USAU) last announced its earnings results on Monday, September 15th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.05. Equities research analysts anticipate that US Gold will post -0.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Engineers Gate Manager LP boosted its stake in US Gold by 38.0% during the 2nd quarter. Engineers Gate Manager LP now owns 15,571 shares of the technology company’s stock worth $190,000 after purchasing an additional 4,287 shares during the period. Bank of America Corp DE boosted its stake in US Gold by 6,786.2% during the 2nd quarter. Bank of America Corp DE now owns 6,473 shares of the technology company’s stock worth $79,000 after purchasing an additional 6,379 shares during the period. Occudo Quantitative Strategies LP boosted its stake in US Gold by 4.3% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 33,398 shares of the technology company’s stock worth $407,000 after purchasing an additional 1,379 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in US Gold during the 2nd quarter worth $73,000. Finally, Quantbot Technologies LP acquired a new stake in US Gold during the 2nd quarter worth $25,000. Institutional investors and hedge funds own 6.64% of the company’s stock.

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.