HC Wainwright Issues Positive Forecast for U.S. Gold (NASDAQ:USAU) Stock Price

U.S. Gold (NASDAQ:USAU) had its price objective upped by investment analysts at HC Wainwright from $11.00 to $13.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. HC Wainwright’s price target would suggest a potential upside of 57.58% from the company’s previous close.

U.S. Gold Trading Up 5.9 %

NASDAQ USAU opened at $8.25 on Wednesday. The business’s 50-day moving average price is $5.99 and its 200 day moving average price is $5.68. U.S. Gold has a twelve month low of $3.20 and a twelve month high of $8.50. The company has a market capitalization of $88.85 million, a PE ratio of -9.94 and a beta of 1.45.

U.S. Gold (NASDAQ:USAU) last released its earnings results on Monday, September 16th. The technology company reported ($0.24) earnings per share (EPS) for the quarter. Equities analysts predict that U.S. Gold will post -0.94 EPS for the current year.

Institutional Trading of U.S. Gold

Institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd acquired a new position in U.S. Gold during the third quarter valued at approximately $59,000. Jane Street Group LLC acquired a new stake in shares of U.S. Gold in the third quarter worth $118,000. Prospera Financial Services Inc raised its stake 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 raised its stake in shares of U.S. Gold by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock valued at $613,000 after acquiring an additional 3,778 shares during the period. Hedge funds and other institutional investors own 6.64% of the company’s stock.

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.