In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on US Gold Corp (NASDAQ: USAU), with a price target of $3. The company’s shares closed yesterday at $1.10, close to its 52-week low of $0.97.
Ihle observed:
“We highlight that the latest drilling suggests that Copper King mineralization continues more than 200 meters west of the deposit. Results also had comparable widths and depths to prior results at the project.”
According to TipRanks.com, Ihle has 0 stars on 0-5 star ranking scale with an average return of -3.4% and a 34.3% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
US Gold Corp has an analyst consensus of Moderate Buy, with a price target consensus of $3.
See today’s analyst top recommended stocks >>
The company has a one-year high of $3.27 and a one-year low of $0.97. Currently, US Gold Corp has an average volume of 86.02K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
U.S. Gold Corp. is an emerging growth company, which focuses on the exploration and development of gold. Its projects includes the Keystone and Copper King properties. The company is headquartered in Elko, NV.
