U.S. Gold (NASDAQ:USAU) Stock Price Expected to Rise, HC Wainwright Analyst Says

U.S. Gold (NASDAQ:USAU) had its target price upped by HC Wainwright from $11.00 to $13.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. HC Wainwright’s price objective indicates 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 company has a market capitalization of $88.85 million, a P/E ratio of -9.94 and a beta of 1.45. The firm has a 50-day moving average price of $5.99 and a two-hundred day moving average price of $5.68. U.S. Gold has a twelve month low of $3.20 and a twelve month high of $8.50.

U.S. Gold (NASDAQ:USAU) last issued its quarterly earnings data on Monday, September 16th. The technology company reported ($0.24) earnings per share for the quarter. On average, equities research analysts predict that U.S. Gold will post -0.94 earnings per share for the current year.

Hedge Funds Weigh In On U.S. Gold

A number of institutional investors have recently made changes to their positions in the stock. Prospera Financial Services Inc increased its position in U.S. Gold by 3.8% during the 3rd quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock worth $317,000 after purchasing an additional 2,000 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of U.S. Gold during the 3rd quarter worth about $59,000. Jane Street Group LLC purchased a new stake in shares of U.S. Gold during the third quarter worth about $118,000. Finally, Geode Capital Management LLC raised its position 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 buying an additional 3,778 shares during 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.