U.S. Gold (NASDAQ:USAU) Coverage Initiated by Analysts at Roth Mkm

Roth Mkm assumed coverage on shares of U.S. Gold (NASDAQ:USAU) in a research report sent to investors on Wednesday morning, Marketbeat Ratings 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 U.S. Gold from $11.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, November 20th.

U.S. Gold Stock Performance

USAU opened at $6.41 on Wednesday. The company has a market capitalization of $69.64 million, a P/E ratio of -7.72 and a beta of 1.50. U.S. Gold has a 1-year low of $3.20 and a 1-year high of $8.61. The company has a 50-day moving average of $6.82 and a 200-day moving average of $6.02.

U.S. Gold (NASDAQ:USAU) last released its earnings results on Monday, December 16th. The technology company reported ($0.20) EPS for the quarter. As a group, sell-side analysts expect that U.S. Gold will post -1.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Prospera Financial Services Inc grew its position in 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 buying an additional 2,000 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of U.S. Gold in the 3rd quarter worth approximately $59,000. Jane Street Group LLC bought a new position in shares of U.S. Gold in the third quarter valued at approximately $118,000. Finally, Geode Capital Management LLC boosted its holdings in shares of U.S. Gold by 3.7% in the third 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 in 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.