U.S. Gold (NASDAQ:USAU) Stock Rating Reaffirmed by HC Wainwright

HC Wainwright restated their buy rating on shares of U.S. Gold (NASDAQ:USAU) in a research note published on Thursday morning, Benzinga reports. The firm currently has a $11.00 target price on the technology company’s stock.

U.S. Gold Price Performance

USAU opened at $5.23 on Thursday. The business has a 50 day simple moving average of $5.58 and a two-hundred day simple moving average of $4.93. The firm has a market capitalization of $48.81 million, a price-to-earnings ratio of -7.16 and a beta of 1.45. U.S. Gold has a one year low of $2.92 and a one year high of $7.06.

U.S. Gold (NASDAQ:USAU) last announced its earnings results on Monday, July 29th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.10. As a group, sell-side analysts expect that U.S. Gold will post -0.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in U.S. Gold stock. National Bank of Canada FI acquired a new position in U.S. Gold Corp. (NASDAQ:USAU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,266 shares of the technology company’s stock, valued at approximately $90,000. National Bank of Canada FI owned approximately 0.23% of U.S. Gold as of its most recent SEC filing. 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.