U.S. Gold (NASDAQ:USAU) Given New $13.00 Price Target at HC Wainwright

U.S. Gold (NASDAQ:USAU - Free Report) had its target price upped by HC Wainwright from $11.00 to $13.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the technology company's stock.

U.S. Gold Trading Down 5.1 %

Shares of USAU stock traded down $0.42 on Wednesday, reaching $7.83. 256,697 shares of the stock were exchanged, compared to its average volume of 92,024. The business's 50 day moving average price is $6.05 and its 200 day moving average price is $5.71. The company has a market capitalization of $84.33 million, a price-to-earnings ratio of -9.16 and a beta of 1.45. U.S. Gold has a twelve month low of $3.20 and a twelve month high of $8.50.

U.S. Gold (NASDAQ:USAU - Get Free Report) last released its quarterly earnings results on Monday, September 16th. The technology company reported ($0.24) EPS for the quarter. Equities research analysts forecast that U.S. Gold will post -0.94 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of U.S. Gold by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company's stock valued at $613,000 after acquiring an additional 3,778 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of U.S. Gold in the 3rd quarter worth approximately $118,000. Quadrature Capital Ltd acquired a new position in U.S. Gold during the 3rd quarter valued at about $59,000. Finally, Prospera Financial Services Inc boosted 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 acquiring an additional 2,000 shares during the period. 6.64% of the stock is currently owned by institutional investors and hedge funds.

U.S. Gold Company Profile

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.