In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on US Gold Corp (USAU), with a price target of $2.90. The company’s shares closed last Monday at $0.99.
Ihle said:
“We note that the program is expected to consist of nine reverse circulation holes, in addition to one core hole, totaling 6,400 meters. Phase one is expected to take two months, and drilling is primarily focused on the Skarn targets, which have been identified through comprehensive technical studies and mapping. U.S. Gold remains poised to produce a significant gold discovery within a broad district-scale Carlin-style system as the firm has systematically filled gaps in the historic data associated with Keystone over the past three years.”
According to TipRanks.com, Ihle is a 4-star analyst with an average return of 4.7% and a 48.0% 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 $2.90.
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The company has a one-year high of $1.53 and a one-year low of $0.74. Currently, US Gold Corp has an average volume of 118K.
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U.S. Gold Corp. is an exploration stage company, which engages in the exploration and development of mineral properties. Its projects includes Keystone and Copper King. The company was founded in 1967 and is headquartered in Elko, NV.
