Home US Gold Corp US Gold Corp Articles Brokerages Set $2.30 Price Target for US Gold Corp (NASDAQ:USAU)

Brokerages Set $2.30 Price Target for US Gold Corp (NASDAQ:USAU)

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US Gold Corp (NASDAQ:USAU) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus target price of $2.30 for the company, according to Zacks. Zacks has also assigned US Gold an industry rank of 14 out of 256 based on the ratings given to its competitors.

A number of equities analysts have recently weighed in on the stock. HC Wainwright reissued a “buy” rating on shares of US Gold in a research report on Tuesday, July 23rd. ValuEngine raised shares of US Gold from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of US Gold from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a research report on Saturday, July 27th.

A hedge fund recently raised its stake in US Gold stock. Commonwealth Equity Services LLC raised its stake in shares of US Gold Corp (NASDAQ:USAU) by 57.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,000 shares of the technology company’s stock after purchasing an additional 11,000 shares during the period. Commonwealth Equity Services LLC owned 0.16% of US Gold worth $30,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.31% of the company’s stock.
NASDAQ:USAU opened at $1.00 on Monday. The firm has a 50 day moving average price of $1.03. US Gold has a 1-year low of $0.74 and a 1-year high of $1.53.

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.

Article Source: Article Source: https://mayfieldrecorder.com/2019/08/15/brokerages-set-2-30-price-target-for-us-gold-corp-nasdaqusau.html

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