US Gold Corp (NASDAQ:USAU) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus price objective of $2.30 for the company, according to Zacks. Zacks has also assigned US Gold an industry rank of 11 out of 256 based on the ratings given to its competitors.
Several analysts recently issued reports on the stock. ValuEngine raised shares of US Gold from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. HC Wainwright reissued a “buy” rating on shares of US Gold in a research report on Tuesday, July 23rd. Finally, Zacks Investment Research raised shares of US Gold from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research report on Saturday, July 27th.
NASDAQ USAU remained flat at $$0.99 during mid-day trading on Monday. 83,400 shares of the company traded hands, compared to its average volume of 147,692. The firm’s fifty day moving average price is $1.03 and its 200 day moving average price is $1.04. US Gold has a twelve month low of $0.74 and a twelve month high of $1.53.
A hedge fund recently raised its stake in US Gold stock. Commonwealth Equity Services LLC boosted its holdings in shares of US Gold Corp (NASDAQ:USAU) by 57.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the technology company’s stock after purchasing an additional 11,000 shares during the quarter. Commonwealth Equity Services LLC owned about 0.16% of US Gold worth $30,000 at the end of the most recent quarter. 1.31% of the stock is owned by hedge funds and other institutional investors.
About US Gold
U.S. Gold Corp. operates as a gold exploration and development company in the United States. It has a portfolio of development and exploration properties. The company's properties include the Copper King project, an advanced stage gold and copper exploration and development project located in southeast Wyoming; Keystone project, an exploration property on the Cortez Trend in Nevada; and the Gold Bar North project, a gold exploration property located in Eureka County, Nevada.
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