US Gold’s (USAU) “Buy” Rating Reaffirmed at Roth Capital

US Gold (NASDAQ:USAU)‘s stock had its “buy” rating restated by investment analysts at Roth Capital in a research report issued on Tuesday,Benzinga reports. They presently have a $18.00 price target on the technology company’s stock, up from their previous price target of $16.00. Roth Capital’s target price points to a potential upside of 43.88% from the company’s current price.

Separately, HC Wainwright reiterated a “buy” rating and set a $15.00 price objective on shares of US Gold in a research report on Wednesday, June 25th.

US Gold Trading Up 2.5%

NASDAQ USAU traded up $0.31 on Tuesday, hitting $12.51. 278,890 shares of the company’s stock were exchanged, compared to its average volume of 326,204. US Gold has a 52 week low of $4.71 and a 52 week high of $14.39. The stock has a 50-day moving average of $11.49 and a 200-day moving average of $9.34. The stock has a market cap of $173.64 million, a price-to-earnings ratio of -9.20 and a beta of 1.33.

Hedge Funds Weigh In On US Gold

Several large investors have recently modified their holdings of USAU. Bogart Wealth LLC bought a new stake in shares of US Gold in the first quarter worth $46,000. Squarepoint Ops LLC bought a new position in US Gold during the 4th quarter worth $69,000. Occudo Quantitative Strategies LP acquired a new position in US Gold during the 4th quarter worth about $73,000. JPMorgan Chase & Co. grew its position in shares of US Gold by 93.8% in the 4th quarter. JPMorgan Chase & Co. now owns 14,117 shares of the technology company’s stock valued at $87,000 after buying an additional 6,831 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of US Gold in the fourth quarter valued at about $104,000. Institutional investors own 6.64% of the company’s stock.

About US 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.